Affordable home purchase

Affordable home purchase

The due diligence stage in a real estate transaction is a vital part of the real estate investor experience, giving opportunity to have the “To prove that everything is all right, then it’s up to the investor to do the inspection and due diligence,

Types of Properties covered: residential, commercial, industrial, agricultural, land, and all other available types of Real Estate Properties.

Contents of Basic Property Report: Property Ownership, Property Location, Property Characteristics, Site Information, Last Owner Transfer and Last Market Sale data.

Provided Property Data: most Property Ownership information is sufficient to obtain the current Property Owner name (individual(s) or business) and the mailing address. Location provides the full property address. Property Characteristics include year build, living area and various other fundamental property details. Site information provides the land use, lot area and site description. Last Owner Transfer provides data related exclusively to the last ownership transaction. Last Market Sale information contains the last sale and recording dates, as well as the sale price, seller name, Deed type and document numbers.

The following types of Document Images can be available for purchase from Basic Property Reports: last ownership transfer document and last market sale/mortgage documents. 

No mandatory minimum usage is required

Order Search can be performed by property owner name (person or business), by property location address, or by Assessor's Parcel Number (APN) 

Basic Property Report 

Detailed Property Report is a complete and conventional Real Property Profile. This broad Property Profile contains comprehensive information extracted from Public Real Estate Records. It is comprised of the prevalent property data acquired from County Records and Tax Assessor's Offices, and is distinctly more inclusive than the Basic Property Report .

Title History Report, also referred to as Property Ownership History Report, consists of compiled segments of public real estate records that provide information on the subject of ownership transfers, sales, and mortgages recorded on a property. Ordinarily, it is comprised of the property data acquired from County Recorders and Tax Assessor's Offices, and mostly contains property history records that are not typically available in our conventional Basic or Detailed Property Reports .

Voluntary Liens Report, also referred to as Debt Report, consists of chosen liens placed on property with consent of or at the request of the property's owner, or as a result of a voluntary act by the owner of a property. This report contains current and historical information about the status of secured financial interests in a property, as well as entire information on secured financial interest that is created by agreement between a creditor and the borrower. In simple terms this type of property report consists of known current and historical debts that a property owner agreed to have recorded. In essence, when the borrower is agreeing to use the property as collateral to secure the loan, it places a voluntary lien on that property. Once recorded, it becomes publicly accessible information. Mortgages and trust deeds are best examples of voluntary liens. The most common type of a voluntary lien is the one created by a mortgage given for a home loan.

This specialized chronicle contains property information commonly extracted from several Public Property Records. It is comprised of the prevalent property data acquired from County Records and Tax Assessor's Offices, and is distinctly more comprehensive than our Title/ TransactionHistory Report . An existing Title History Report on a given property is in every respect comprises a part of a Voluntary Liens Report. We do not recommend obtaining a Title History Report if you decided to obtain or already have obtained a Voluntary Liens Report.

The logic behind the Voluntary Liens Report: to provide an instant online access on the history of financial transactions such as sales, mortgages, releases, assignments and foreclosures, as well as ownership records of a real property in the United States. This product is included in all of our Subscription Plans, and is offered either on its own and can be purchased independently, or sold as a supplemental purchase from already obtained property reports.

egal and Vesting Report is a compilation of segments of Real Estate records that provide information on the subject of Property Title Vesting, Property Legal Description, and Property Tax and Assessment data. Legal and Vesting is not a part of a conventional property profile; this property report is contents-specific and includes information not found in other property records, such as in our Basic , Detailed, Property History, and Voluntary Liens reports.

The logic behind the Legal and Vesting Report: to provide an instant online access to legal descriptions and vesting information on practically all supportable Real Estate properties in the United States; to immediately verify property ownership, identify all title holders and the manner in which a title of ownership is held, locate and identify a particular parcel, ensure the accuracy of mortgage recordings and property related taxes, and avoid potentially fraudulent Real Estate transactions. To file a non-consensual lien, such as performance of labor (a.k.a. Construction or Mechanics' Lien) against the property, one must have the Legal description of a property in order to enforce judicial claim. This product is included in all of our Subscription Plans and is offered either on its own and can be purchased independently, or can be a supplemental purchase from already obtained property reports.

An AVM is a computerized modeling system designed to simulate the traditional appraisal process and provide residential property valuations at a specific point in time by analyzing values of comparable properties. "AVM" is the acronym for Automated Valuation Model. AVMs formulas are mathematical and based upon numerous factors including data quality, real estate fundamentals and complexity of the underlying technology. AVM reports may have some of the same data found in traditional property reports, yet they are not considered to be as such and should not be generated for that purpose. AVMs, unlike most other real estate filings are not public record.

Numerous statistical methods have been applied to index estimation and property valuation in the United States. Selection of a particular methodology has depended largely on the available data, and as data quantity and quality have improved so have the estimates.

Released about 2 decades ago, Value Service has continued to progress as the superior automated valuation model (AVM) of choice. Our newly released next generation Value Service combines two independent valuation systems coupled with a continuous hi-tech testing process to deliver greater precision and hit rate. This latest model with its improved relevancy outperforms traditional single system models. The types of valuation methods contained in Value service include: hedonic, repeat sales indexes and a patented neural networks technology.

The hedonic method of property valuation recognizes that housing is a composite good, and defines value as a mathematical function of its characteristics. Hedonic methods can be applied to estimate the value of new or existing homes, and observations on value may be actual sales prices, listing prices, appraisal values, or even owners' estimates of housing values.

Repeat-sales methods use the observed sales prices of the same properties at different points in time to create a sample of price differentials that can be used to estimate the appreciation rates of houses.

Artificial neural networks attempt to emulate the process by which the human brain converts external stimuli (inputs) into specific responses (outputs) via neurons and synapses. When applied to property valuation, the inputs are the explanatory or independent variables, such as location and property characteristics, and the output is the dependent variable, in this case the property value. Valuations based on these systems can be used to supplement or is some situations entirely replace human appraisals.

Since our electronic AVM utilizes a combination of hedonic and repeat-sales house price indexes and neural networks to generate estimates of property value, the systems generated estimates are believed to have the smallest possible error. Based upon millions of observations of continuous rigorous testing, Value Service incorporates an extremely accurate neural scoring system that adapts to changing market conditions.

A construction permit, also called a building permit or a repair permit is a lawful formality required in most U.S. jurisdictions for new or expanded construction, or adding onto pre-existing structures, and in some cases for major renovations. Property owners who do any essential remodeling or adding other improvements to their real properties, such as decks, pools or retaining walls, almost always are required to apply for a building permit.

Unlike real estate property records, building permit report relates to an actual structure – in a way it reaches inside a structure.

In theory the safety of the occupants of buildings is the primary reason for having construction codes and zoning compliances. An argument is often made as to why one needs to pay for a permit to build or add onto something on person's own property? The compelling reason for requiring and insisting on building permits, even for jobs done by a licensed contractor, is that if a structure is substandard or the workmanship is subpar, it usually inconveniences neighbors and others in surrounding areas and could lead to serious problems. Building permits are one of the ways for a municipality to regulate construction to ensure that everything is safe and in compliance with local laws and regulations. Normally, the new construction must be inspected during the course of construction (not to be confused with 'Builders Risk' – a term used in insurance industry) and after completion to ensure compliance with national, regional, and local building codes. Failure to obtain a proper permit is punishable; it can result in hefty fines and penalties, and even demolition of unauthorized construction, if for whatever reason it cannot be made to meet codes. Property owners may need to create plans to submit to the local permitting authority, make a plot plan for their property showing the improvements, and describe the type of construction they will be using.

Nationwide Search generator is a unique method designed to search and locate Real Estate property records throughout the country.

This research is possible with the current Owner Name or with Mailing Address. The mailing address can be the physical location address or the Mailing PO BOX.

The Nationwide Search carries all types of real estate properties, such as residential, commercial, agricultural, vacant lots, etc. The matching reports may or may not be for the owner occupied properties. The returned results can be managed utilizing two filtering options: State or County.

How it works: The process is simple – for researching with the owner name, the user-friendly interface allows you to specify the individual's last name, or the combination of the last and first name (or initial), or specify the business name. For researching with the mailing address, you must provide the mailing street address, or enter the PO Box in lieu of the physical mailing address.

The Nationwide Search Report, in addition to the Owner Name, will contain the property address (when exists) along with the APN (Assessors Parcel/Identification Number). Several supplemental reports on each matching record can be purchased from the appropriate links. Copies of Documents/Deeds, Involuntary Liens, and Building Permits, when available can also be purchased from already generated supplemental reports.

Regardless of the method, this research will generate a maximum of 1,000 records based on your selected criteria and/or entered values.

By referencing the Nationwide Search with Statewide, Countywide, Citywide, or narrowing down to a ZIP Code, you can locate virtually any property owner, anywhere in the country. Most hidden real assets can now be uncovered in seconds.

Start by generating as many as 1000 records! Choose all or only the ones that you wish to purchase addition supplemental reports, such as Basic, Detailed, Title History, Voluntary Liens, Legal & Vesting, and Parcel Maps. It is as easy as that!

Property Due Diligence 

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