Importance of Titles in Real Estate Financing
Abstract Acquisition of real estate is not an easy process because it involves outlay of huge amount of financial resources. Due to the high investment requirement, prospective owners often involve financiers through a loan, which is risky and prone to fraudulent activities. This risk requires a protection against imminent losses through insurance companies. Real estate is one of the properties that require title as a proof of ownership and evidence in case of transfer. The party seeking to extend a loan facility should do a thorough background check through a process called title qualifying. In this process, the lender ...