Monday, September 28, 2009

The Benefits of Electronic Preliminary Reports.


California Title Company is now providing Electronic Preliminary Reports, complete with documents accessed via hyperlink, sent to your email inbox.

A Preliminary Report is a report prepared prior to issuing a policy of title insurance. This report shows the ownership of a specific parcel of land, together with the liens and encumbrances thereon which will not be covered under a subsequent title insurance policy.
This report is a benefit to both your buyer and your seller. From the seller's perspective, the preliminary report shows items that may need to be cleared prior to transferring ownership of the property, or clear title to the property.
From the buyer's perspective, the report can give details on specific documents pertaining to the parcel they are buying. Items like Covenants, Conditions and Restrictions, or Road Maintenance Agreements will be mentioned and a copy of the document can be obtained for further review.

Having hyperlinks to documents in an electronic Preliminary Report gives you access to the important items of the report, at the convenience of your personal computer. Electronically delivering them is also easy on the environment and a time saver.

How can you get the benefit of this incredible tool:
1. When opening escrow, request California Title Company
2. Ask your escrow officer to include "all items" in the PR (Preliminary Report)
3. Request the PR be emailed to you.

That's it! The email will be delivered to your inbox when the report is complete and is no larger than a normal email.

For more information, contact your Sales Representative or email Californiatitle@caltitle.com.


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