Local Records Office in Norwalk, CA is causing a debate among homeowners by offering $94.00 property deed history report packages for a questionable price. Inside the package, there are a number of important documents on the home. Some of the documents include title details, comparable market analysis, tax default status, HOA liens, and much more. One of the most important documents in the home selling and buying procedure is the title report and deed.
A title report is a document that provides information about the ownership and encumbrances (such as liens or mortgages) on a piece of real estate. It is typically prepared by a title company or a title insurance company and is used to verify the ownership of a property and to ensure that the property can be transferred to a new owner without any issues. A title report typically includes information such as the names of the current and previous owners of the property, a legal description of the property, and any liens or encumbrances that are attached to the property. It is an important document to review before purchasing a property, as it can help to identify any potential issues that may need to be resolved before the sale can be completed.
Property Title Reports Defects Have Caused Problems
The Local Records Office property title report has uncovered numerous defects and errors caused in a variety of ways. The service focuses on filling the hole that real estate brokers leave between new homebuyers and the in-depth history that’s usually left on many occasions. These common problems include:
- Errors in public records: This is the most common error found in reports. This is caused when a name is misspelled or clerical errors, which can jeopardize the validity of the property deed.
- Property leans: Financial companies or banks could place a lien on the property for previous debts.
- Illegal deed: An illegal deed can be caused by a variety of things. If a prior deed was made by an individual not authorized to enter into a legal document. The legitimization of that deed could be affected. A deed could become illegal if someone reported as single who is actually married, an undocumented immigrant, and or a minor.
By targeting the issue directly Local Records Office hopes to educate the buyer and or owner on the history gap that’s worth knowing. Brokers and realtors will tell the potential homebuyer just enough about the property hoping that it will convince him or her to seal the deal. Countless home and commercial real estate contracts are made challenging it will take a lawyer to get through them.
However, online scammers have gotten creative on how to scam shoppers, especially during the COVID-19 pandemic and unemployment fraud (EDD).
What is a Title?
A property title is a legal document that establishes ownership of a piece of real estate. It typically includes information such as the names of the current and previous owners of the property, a legal description of the property, and any liens or encumbrances that are attached to the property. The property title is typically held by the owner of the property and serves as evidence of ownership. It is important to have a clear and accurate property title in order to be able to sell or transfer the property to a new owner. In some cases, a property title may be held by a third party, such as a mortgage lender, until the property has been fully paid off.
- Sole ownership: This is when usually one person has all the rights of an owner. Sole owners can legally lease, sell the property, occupy, and even bequeath the property.
- Tenancy in common: This is similar to sole ownership but the only difference is that two or more people can jointly hold the title. In other words, the property will belong to multiple people all at once. Tenancy in common is usually used when multiple people go into partnership to purchase an investment property like a bar, restaurant, business, etc.
- Tenancy by the entirety: This one is a bit different, it pertains to couples. A married couple is considered one entity. Therefore, each person is entitled to 100 percent of the interest in the property.
Preparation of a Title Report
There are numerous ways to conduct a title report search on your own, but doing so is not recommended. An up-to-date title report search is best prepared by an experienced title office like the Local Records Office. The Local Records Office knows what information to review, where to locate the required documents, and how to interpret the information of those documents.
A preliminary title report can be provided by the home seller. However the home buyer or realtor completes the full title report, usually once the home is in escrow.
Public records are the source of information especially, data reviewed might include:
- Property deeds that have previously been filled with the county
- County assessment records
- Tax Search
- Previous mortgages
- County land records
- Crime report
- Settlements caused by divorce
- Tax liens of any type
- Tax Search
- Street and sewer assessments of any kind
Local Records Office Informs New Homebuyers and Homeowners About Scams and Fraud Targeting the Four Real Estate Markets
Home buying scams are fraudulent schemes that target individuals who are looking to purchase a home. These scams can take many forms, but some common examples include:
- Offering a home for sale at an unusually low price, in order to lure in potential buyers.
- Claiming to be the owner of a property that is actually owned by someone else, in order to sell it to a buyer.
- Offering to help the buyer obtain financing for the purchase of a home, but failing to deliver on that promise.
- Requiring the buyer to make a large upfront payment, with the promise of a quick sale, but then failing to follow through on the sale.
To avoid falling victim to a home-buying scam, it is important to do your research and be cautious when dealing with any individuals or companies that claim to be able to help you buy a home. It is also a good idea to work with a reputable real estate agent or attorney who can help you navigate the process and protect your interests.
The Real Estate Industry Has Four Different Types of Markets, Here Are The Four:
- Commercial Real Estate – Commercial real estate involves properties like grocery store buildings, malls, small business buildings, and shopping centers. Scams targeting commercial real estate will usually focus on wire fraud. Scammers will get ahold of sensitive information that will help them transfer funds to an anonymous account, stealing the down payment.
- Land Real Estate – Land real estate is what it sounds like, it’s usually an empty dirt lot or a field. Land scams, land grab, or land theft is all the same. A fraudulent seller will sell land that is not his or hers.
- Residential Real Estate – Residential real estate is the most common type of real estate most people are familiar with. This type of market involves residential homes that families can live in. Residential scams have an endless list that includes phony deed scams, fake payments, and many others.
- Industrial Real Estate – Industrial real estate is the least common on this list and the least sold. Unlike commercial real estate, industrial real estate involves much larger lots, usually a few couple of acres. Dealing with such a large scale of land many scammers will hit the jackpot of scamming industrial real estate. These types of scams usually involve wire fraud. Real estate scams come in all sorts of shapes and sizes so being educated and keeping your eyes open is a great way to avoid being a victim.
Best Places to Keep Real Estate Deeds
A property deed is a legal document that establishes ownership of a piece of real estate. It is important to keep this document in a safe and secure place, such as a safe deposit box at a bank or a secure location in your home. It is also a good idea to make copies of the deed and store them in different locations, in case the original is lost or damaged. It is also a good idea to keep the deed in a place that is easily accessible in case you need to reference it for any reason. Keeping your deed in a secure place where it’s fireproof and theft-proof is the best route to go. Long were the days when keeping your deed in a shoebox under your bed was OK to do. If someone gets ahold of your property deed they pretty much have the power to do almost anything. The property belongs to anyone who has hold of the deed.
Services Are Not Only for California Residents but Also for Residents All Across the United States
Services are available to all U.S. residents, which means that anyone who lives in the United States is eligible to use your services. It is important to note that some services may have additional eligibility requirements, such as age or income restrictions, so it is always a good idea to check with the provider to ensure that you meet the necessary criteria.
Offering an Affordable $94 Service Price is What Local Records Office is All About
Local Records Office is not the biggest business in the real estate market so asking for a $94 service fee is reasonable since there’s a lot of time and research that goes into preparing a single property history report.
While other companies offer similar services for $79 or $86 the few extra dollars are totally worth it. The reports do not only include a report of the property but also an in-depth property history report that includes:
- Crime activity for the past 3-months
- Demographics (population)
- Teacher-to-vacuity ratio
- Copy of deed
- Foreclosure activity
The information that is provided once the buyer purchases the report is up-to-date with the county where the property is located.
Is the Local Records Office Legitimate?
The Local Records Office is a legitimate business that sends a non-obligated promotional letter to new homeowners with the option to buy the service. This business has been serving the real estate market since the early 90s and received multiple awards along the way. Even though, the Local Records Office has moved from serving clients from an actual brick-and-mortar office to an online business the services continue to be the same. It was brought to our attention that some homeowners may have gotten confused about the format of the soliciting letter making some people think it was a bill but it’s not. Our business is working with clients to fix the misunderstanding but assures that the promotional letter that homebuyers receive in the mail is not a bill.
Local Records Office $94 Deed Letter Sent to New Homeowners After Purchasing a Home
The way the company markets its service is by sending homeowners who have recently closed a deal with the mortgage lender.
The letter is a non-obligated service that the homeowner can easily dispose of with no strings attached and will not be charged. Few people think that the letter is a bill but it’s only offering assistance.
If you do decide that you want the property report here are the steps to take to get the service:
- Once you receive the letter go ahead and send a check or money order to the address listed
- Wait for 2 to 3 weeks
- Enjoy your report
- When the letter is received go ahead and call toll-free 1(800) 790-0721 to pay over the phone.
- Wait for 3 to 4 weeks
- Enjoy your report
For more information on the Local Records Office go to localrecordsoffices.com
Address: 2202 S. Figueroa St., #406, Los Angeles, CA 90007
Toll-free phone number – 1(800) 790-0721
Hours of business – Monday to Friday 8:00 am to 5:00 pm (closed weekends and holidays)