How to Pull a Title Report in TitlePro 247 (LA 1176)

Transcript:

Steven Butala:

Steve and Jill here.

Jill DeWit:

Hi.

Steven Butala:

Welcome to The Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:

And I'm Jill DeWit broadcasting from sunny Southern California.

Steven Butala:

Today, Jill and I talk about how to pull a title report in TitlePro 24/7.

Jill DeWit:

Whoa. Let me stop you right there. Let me give you the real title. The real title is going to be Title Report-Worthy Due Diligence.

Steven Butala:

Or What's A Title Report?

Jill DeWit:

We're trying to dispel some things here and make sure everybody's doing this right, so I have a lot I'm going to cover here. This is going to be a good show.

Steven Butala:

Every week we ask our customer service people to give us hot topics. What should we talk about? What are people asking about? And this was at an actual direct quote, "How do you pull a title report in TitlePro 24/7?" Multiple people asked. I'm not sure why. We probably talked about it.

Jill DeWit:

Property report. Property report.

Steven Butala:

First of all, that's not actually like the not ... Yeah. Exactly. That's not the right question.

Jill DeWit:

That's what we all say, property report.

Steven Butala:

Before we get into it, let's take a question posted by one of our members on the LandInvestors.com online community. It's free.

Jill DeWit:

[Sheria 00:01:08] ... Sheria, I'm going say. I hope I'm saying that's right ... asks, "Who do you use to do an inexpensive title search? I recently used EasyTitleSearch.com, and it was $55. The thing is, it's my first time ever doing it, so I don't know if it's good or not."

Steven Butala:

That's the thing. This is perfect for this.

Jill DeWit:

I have a lot to say here. "How are you guys doing title search and how much are you paying? It seems like most title companies charge between 150 to $250 to do them, which doesn't make sense if you're just doing some investigation." So we're going to talk a lot about this in the show, but let me answer this question here first real quick. One of the things that I do in my due diligence is I go back and I search a chain of title. And between our three products, I have-

Steven Butala:

What's a chain of title?

Jill DeWit:

Thank you for asking. The chain of title is to make sure the guy before this property, the deed was done correctly, everything lines up, the legal description. You check all that. The deed before that, I want to make sure he bought it. He sold it. "Yeah, that's the buyer. That's the seller." Grantor, grantee. Make sure that's all correct. The legal description's right, nothing funny going on. The dates line up. Great. Go to the guy before that and the guy ... and so on. That's a chain of title.

Jill DeWit:

I want to make sure that when that guy sold it to you and you sold it to me and I'm selling to him, it all looks correct and there are no issues. The legal description wasn't off, APM wasn't off. A company wasn't misspelled or something left out or a missing document. That would be a cloud on that. But we don't need to get into that right now. So that's the chain of title. Just to give you the gist, like going back and researching the pink slip on your car kind of thing. Was it stolen in the middle there and somebody missed it? Okay.

Jill DeWit:

Now, then, the question is to do this ... So how do I check the chain of title? I do-

Steven Butala:

Is this the topic?

Jill DeWit:

Well, I'm going to go into this in just a minute. First, I want to answer this question because it's very important because I've been in this exact situation.

Jill DeWit:

We have all the tools. Land Academy members have all the tools to do this ourselves, to do this cursory overview and really do a good job. I shouldn't say cursory overview. Do a good job just confirming the titles between the three products, between DataTree and TitlePro and RealQuest Pro, all those three that we offer.