Keys to Understanding Land Records
1 hour 30 minutes
Understand how to research and evaluate land records to minimize risk.
Real estate transactions necessitate effective communications among investors, legal, lending, and other professionals, and data management, all having varying backgrounds and proficiency in the basis for private ownership of real property: The records that comprise real estate title. This topic will provide you with practical information needed to better understand the process of researching and evaluating land records in connection with the transfer of ownership and real estate financing. The content is designed to identify real property interests and sources of land information, explain how property interests are created and transferred, discuss title search procedures, and how to raise, refine and resolve recurring real estate title questions. In addition, the material will explain the recording system, property descriptions, the chain of title, off-record interests, rights, and claims, and conclude with transaction resources available to the seller, purchaser and lender that minimize risks associated with real estate closings during COVID-19.
• You will be able to recognize perils confronting investors that lay beyond the reach of land records.
• You will be able to review classification of legal descriptions.
• You will be able to discuss creation and transfer of interests.
• You will be able to identify available sources of land records information.