The real estate market for a conventional residential purchase is more complicated now than ever before. Throw in a bank-owned property, sheriff or short sale and there are even more challenges. Obtaining clear title is essential for everyone involved to insure that there are no title claims at a later date.

In foreclosure and short sale situations, RMS Title & Appraisal can assist purchasers with obtaining clear title. Care must be taken because such properties are usually purchased “as is” and title defects can be overlooked. Preliminary title searches and chancery abstracts can help purchasers avoid mistakes such as overlooking second mortgage liens and other title issues.

RMS Title & Appraisal works in conjunction with the buyer or buyer’s attorney to clear any prior liens or judgments and any other potential hazards until there are no defects on title. Obtaining a clear and clean title is the ultimate objective. Issues that might need to be corrected post foreclosure include: legal description of a property, mortgage error, lien holder in a foreclosure not named or if the person in foreclosure files for bankruptcy. Any of these scenarios will put an automatic hold on the foreclosure process. RMS Title & Appraisal has seen it all and has navigated these rocky shores before. You can rest assured that we have you covered in all situations.

We have a clear understanding of assignments of mortgage, close properties directly in sheriff sale situations and have closed hundreds of transactions with private lenders. Many of those deals can include a blanket mortgage transaction and a title policy that will cover 15 properties, or more. It is our experience and knowledge of the state and the industry, combined with our tenacity that sets RMS above all the rest.