Home Equity and Current Owner Searches
When you refinance your home, or apply for a line of credit, your lender usually requires a new title search. Even if you use the same lender, a second mortgage is a new loan and the lender wants to protect its investment.
Problems may arise with a property title, even if it was only recently purchased or refinanced. These include:
- Mechanics liens, for work on the property that wasn’t settled
- Judgments placed on the property due to unpaid taxes and homeowner dues