Finally, Nationwide Title Clearing has responded to calls for action regarding land title defects. NTC (Nationwide Title Clearance), has eased the access to property reports by revamping their website introducing online ordering. In the past years, issues of title defects have raised concern in the real estate industry. This has led to wrongful foreclosures, substantially contributing towards the stagnation of the transition of assets in the secondary markets that would have otherwise been an easy process. According to NTC the vitality of property records cannot be overemphasized. They are paramount in making sure that title transmission is clear. This will aid to reduce the risk of buybacks and the lack of ability to foreclose. This is the reason why NTC has taken the steps necessary towards making sure that the process of acquiring property is made easier.
Several incidences may lead to the title defection. The most common one being when an entity or an individual makes a claim on a property own by another entity or individual. However so, there are other uncommon incidences that may cause title defects. The first is related to issues in the wording of the document not being compliant with the set real estate standards. Other factors arise when an important party’s signature is excluded in the document, a failure to comply with the procedure for filing and recording during the recording of real estate documents, and unresolved outstanding encumbrances. NTC therefore, said that any titles with defects should be thoroughly outlined before any transaction involving the property.
Nationwide Title Clearing is a company that is run privately and specializes in document processing services and research in the residential mortgage sector. NTC based in Palm Harbor, Florida and was founded in 1991. This company offers its services to mortgage lenders, servicers as well as investors. NTC boasts of serving 8 out of the ten leading residential mortgage company across the United States. They are renowned for their high levels of accuracy in the provision of services that call for intensive and extensive research. With their top notch document processing, NTC has set the pace for the residential mortgage industry while at the same time protecting the homeowners.
NTC possesses land records and competent documentation professionals. These experts have adequately fulfilled and tracked county documents necessities in all the jurisdictions across the United States. NTC’s remarkable performance is mainly as a result of their outstanding contribution to the Residential mortgaging sector and the community as a whole. In 2013, NTC was ranked 26th on the Fast 50 Awards, a list that includes the fastest growing companies in Tampa Bay.
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