Life is about to get a whole lot easier . . .
Settlement Agents, Claims Attorneys, Lenders, Foreclosure Attorneys — we can help you locate any and all Missing and Defective Assignments & Discharges of Liens that appear on your title.
Curative Title Tracking
The need for Curative Title Tracking or Title Clearing occurs when Final Trac was not used for settlement release tracking on the original closing, and therefore, after some time, an unreleased lien is discovered on title. Curative Title Tracking is normally utilized when an old unreleased mortgage/lien shows up on title, delaying the closing by clouding the title. Sometimes it’s when there is a missing assignment from one mortgagee to another, and therefore, even if a release has been recorded, a gap in the chain of title by can also stop a closing. Our staff will locate a signatory for the document needed even if the lender has gone out of business or has been bought out by another lender.
While Curative Tracking/Title Clearing is not limited to this one missing release of mortgage scenario, it does not matter what the issue, our essential procedures are the same. Curative Title Tracking is needed anytime that there is a cloud, defect, or issue with the title to a property that prevents, or at the least, delays a transaction from occurring. Essentially, we are called in to get a missing release, assignment, subordination, or other document that will cure the title to the property and allow the current transaction to occur. As you can imagine, defects can be discovered many, many years after the initial problem actually occurred. Therefore, with all of the upheaval in the banking industry, one can only imagine how difficult it can be to find a person with the authority to sign a necessary document. This is where we excel like no other company.
