PROPERTY TITLE VERIFICATION
For an individual buying a property, it is usually an overwhelming experience, both financially and emotionally. Thus, it is very essential to ensure that all the legal intricacies are completely unambiguous, so there are no legal hassles in the future. The intricacies to check are:
- All the legal due diligence must be done for the property by the seller
- An inquiry must be made about the seller’s capacity to make the full payment
- The agreement to sell and earnest money must be done
- The execution of sale deed must be done
- The Property Registration and completion of payment has to be done
PROCEDURE FOR PROPERTY VERIFICATION
Once you contact us at ACE ALLIANCE, we will connect you to our property lawyers, who will generate all the required reports from the sub-registrar office. Once the documents have been received, our lawyers at ACE ALLIANCE will verify all the property-related documents, in regard to the title and rights of the seller. The documents will also be verified by our property lawyers at ACE ALLIANCE to check if they have been registered and the appropriate stamp duty has been paid.
DOCUMENTS REQUIRED FOR PROPERTY VERIFICATION
FAQS ON PROPERTY VERIFICATION
WHEN SHOULD THE PROPERTY DOCUMENTS BE VERIFIED?
If the individual is taking a property on long-term lease/ purchasing a home against a loan or not/or taking a loan against a property, this property title verification procedure is very important.
WHAT ARE THE ADVANTAGES OF VERIFYING PROPERTY DOCUMENTS?
It gives an individual complete clarity in regard to knowing that there are no other claimants to the property he or she is buying. This is very important, given the vast sums involved in such a property transaction.
WHO CONDUCTS THE VERIFICATION OF THESE PROPERTY TITLE DOCUMENTS?
This will be done through our team of expert property lawyers at ACE ALLIANCE
HOW LONG DOES IT TAKE FOR THE PROPERTY TITLE PROCEDURE?
If all the documents are in order, the property title verification does not take longer than a week.
WHAT KIND OF FRAUDS CAN BE COMMITTED BY A SELLER IN A SALES TRANSACTION?
There are numerous frauds which can be committed by the seller. For example, the seller may not own the right to sell the property or may just only have a partial right to sell it. Moreover, there could be a claim by some other person or party over this said property.
HOW MANY YEARS ARE CALCULATED FOR THE PROPERTY TITLE SEARCH REPORT?
The buyer receives the Property Title Search report for the past 15 years as part of this package from ACE ALLIANCE.