How much is a title search in Georgia?
How much is a title search in Georgia?
Title search – $100 to $200: A title search looks into the home’s ownership history to ensure you’re the true owner and that the title is clear of any liens or judgements.
How does a title company do a title search?
How Title Searches Work. When performing a title search, the attorney or title company will conduct research using public records and legal documents to identify the vested owner, the liens or other judgments on the property, the loans on the property, and the property taxes due.
How do I get a copy of my property deed in Georgia?
Request a copy of your deed in the County where your land is located. All deeds must be recorded with the Clerk of Superior Court. Many deeds are available online by accessing the local Clerk of Superior Court website.
What is a limited warranty deed in Georgia?
The Georgia limited warranty deed provides a method of transferring property from one person to another in Georgia. Rather than providing a full warranty on the transfer, it provides a limited warranty whereby the seller (or grantor) agrees to defend the buyer (or grantee) against any claims made through the seller.
What’s a security deed?
Under a security deed, the lender is automatically able to foreclose or sell the property when the borrower defaults. The title of the property is held as security for the loan and held by the trustee for the benefit of the lender. The title is released from the trust once the loan is paid.
What is a cancellation of deed to secure debt?
When a home is sold, refinanced by a different company, or the loan paid off, the bank sends in a Cancellation which means the debt is satisfied and they no longer have a mortgage on the property.
How do you secure a debt?
Secured debt is debt that is backed by collateral to reduce the risk associated with lending. In the event a borrower defaults on their loan repayment, a bank can seize the collateral, sell it, and use the proceeds to pay back the debt.
Is Grant Deed the same as deed of trust?
A grant deed is the instrument used to transfer title to an interest in real property from one owner to someone else. A deed of trust is the security instrument given to a lender to secure a loan or other obligation. Bare naked title is deeded to the trustee, who holds the power of sale or the power to re-convey.
What is trustee’s deed upon sale?
A Trustee’s Deed Upon Sale, also known as a Trustee’s Deed Under Sale or a Trustee’s Deed is a deed of foreclosure. This deed is prepared after a property’s foreclosure sale and recorded in the county were the property is located. The property may be in default on taxes, have mechanic’s liens and/or other encumbrances.
Who holds title in a deed of trust?
trustee
Do you get a new grant deed when you refinance?
The refinancing lender provides a new deed of trust containing the terms of the new loan. A new trustee also is designated.
