Since the development of human evolution there are three essential need of each individual in this world – Money, Food and Property. In straightforward term Property which is otherwise called Real Estate is a territory which is possessed by an individual or groups of individuals. A title, or a privilege of proprietorship, sets up the connection between the property and different people, guaranteeing the proprietor the privilege to discard the property as they see usable.
In the mortgage world Title Search is one of the proven process which is used to check the ownership of the property as well as check the any dispute against the property. Title search is commonly known as the property search because it is the search process conducting on a property to get the right title of the property.
Title search is used to get the clear picture of the property. The person who check the property is called Title Searcher. In the USA, Title Search is very important process to buy or sell the property.
Mortgage is one more type of Loan. In simple term when buyer takes the loan from lender against his/her property, it’s called mortgage. Mortgage is well known as the transfer of an interest in property by owner to a lender as a security for a debt.
Mortgage is a security for the loan that the lender makes to the borrower for a precise period of time.