Things To Remember Home’s Property Documents are Stolen:-
Many home buyers, especially first-time buyers, are wary of putting an offer on a property without seeing its title documents.
They may not trust the real estate agent or fear that the seller may have stolen those documents to hide something. We will help out if you are unable to get the Property Registration Documents at home.
What if you find yourself in that situation? What can you do if your home’s property document is stolen? Let’s take a look at some options available to you as a homeowner.
As a potential home buyer, it is your prerogative to demand to see the title document of any property that you are interested in. After all, this document is one of the main things that proves ownership and helps you understand what restrictions there are on how that piece of real estate can be used.
Check if the Title Document is Already in the MLS Database
The first thing that you should do if you are unable to locate the property title is to look for it in the Multiple Listing Service (MLS) database.
This is a database of property data that is used by real estate agents and brokers to list properties for sale. In the MLS database, you will find information on the property’s sale price, the number of bedrooms and bathrooms, the property size, the type of construction, and other details. Most MLS databases allow you to search by address. Just enter the address of the property in question and see if it appears in the MLS database.
- Keep in mind that the MLS database is not a title document. In fact, it is not even close to the same thing.
- The MLS database is basically information about the property that has been provided by the seller. The seller’s real estate agent entered this information into the MLS database.
- The seller himself/herself did not enter this information as he/she doesn’t even know what is in the MLS database.
You can also enter information into the MLS database that pertains to the property that you own. This is not a title document, but it can be a useful starting point in your search for the missing title document.
Contact the Real Estate Agency:-
If you are unable to locate the title document and have already searched the MLS database, you should contact the real estate agency that listed the property for sale.
The real estate agent may have a copy of the title document in his/her possession. This is especially true if the property was listed for sale some time ago.
Conclusion:-
The agent may have kept a copy of the title document for his/her records. Even if the agent doesn’t have the title document in his/her possession, he/she may have a record of where it is currently located.
If you are dealing with the seller’s real estate agent, then you may want to politely ask if he/she has a copy of the title document or knows where it is located.
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