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Title Reports
A title report is a document used by lenders for various reasons, though the most
common is for the purpose of determining the title's current status. Several issues must be
satisfied before a lender will approve a loan. This results in the need of a title search
the gathering of pertinent information such as the last deed of record stating the present
owner's name; the property's legal description; any open liens (judgments, federal and/or
state tax liens, mechanic liens); open mortgages, as well as any other notations of title
concern. The gathering of this information takes place in the county clerk's office of the
county in which the property lies.
Once completed, the title report falls under the scrutiny of the lender. Along with
credit bureau checks and appraisals, the lender will use the report to determine the approval
of home equity loans, refinance loans, or lines of credit.
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32.4 years
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29.4 years
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28.4 years
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15.3 years
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13.9 years
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11.4 years
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4.7 years
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4.7 years
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3.2 years
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2.7 years
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2.3 years
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