LOS ANGELES, CA – Local Records Office and real estate realtors get the green light on generating preliminary property title reports, also known as property profile reports. The Los Angeles County-based business; the Local Records Office is standing up to misleading soliciting bills, and title scams that take advantage of new homebuyers. By teaming up with experienced realtors the reports are set to be easy-to-read while having the most updated information possible. The property deed report consists of a multi-page packet, plus a paper copy of the original deed. It’s set to be priced at $94.00-$95.00, depending on the state the property is located.
The Federal Bureau of Investigation reported that real estate-related fraud has gone up in the past years due to the growth of the Internet but took a big spike when the pandemic hit.
Identity Theft That Led to Title Theft
In 2021, right in the middle of the COVID-19 pandemic Vincent Rogan, a 45-year-old teacher became a victim of identity theft, which resulted in his home being sold in the black market. The house had been paid off since 1999; therefore, Rogan didn’t have to worry about a monthly mortgage. Rogan started noticing credit card offers started coming in the mail almost daily, which he thought was odd since it’s been a while since Rogan applied for a credit card. A few weeks after that he received a letter in the mail stating that the home needed to be evacuated in 30 days. Rogan contacted a real estate agent and discovered that the home had been sold. Rogan filed a lawsuit against the homeowners but there was little to be done since they haven’t done anything illegal.
“Deed scams, soliciting bills and identity theft has been a big problem for years,” said Rogan. “The FBI needs to do more when it comes to homes of real people. The work that all of these realtors and the ‘Local Records Office’ are doing is great to help elderly homeowners being ripped off. It’s a shame that there are such bad people out there taking homes from right under people’s feet. The property deed report has helped homeowners know the history of the property they have purchased along with knowing who’s listed on the property’s title.”
What is a Real Estate Title?
A title in real estate is a legal document stating that a certain person is the rightful owner of a property or land. Being an owner can mean a few things; he or she can be a partial or full owner. This gives access to make modifications to the property. Being in the title also lets the owner transfer ownership to others. If someone is a partial owner he or she will require the other person on the title to transfer the title. The Local Records Office offers a copy of the title along with the report.
Is the Local Records Office Legit?
Local Records Office is a legitimate business that works with real estate agents, brokers, and realtors to generate the most recent property inspection report for a specific property. The ‘Local Records Office’ is located at 2202 S Figueroa ST., #406, Los Angeles, California but will be fully online in the next few years due to high online sales and low in-store transactions.
Do Homeowners Need to Pay Local Records Office?
No, homeowners do not need to pay the Local Records Office. The $94.00-$95.00 property profile report is only an optional service for new homeowners or those who recently refinance their homes. The property profile report does help homeowners with detailed information that can be useful to avoid being scammed. There are many free online services that offer free history reports of any house but the majority is limited in the information provided.
How Do Homeowners Get A Copy of My Deed in Los Angeles County?
Homeowners can obtain a paper copy of the deed directly from the Local Records Office. A copy of the deed will be mailed after 15 business days. The service is not free, a $89.00-$95.00 service fee will be added. The copy of the deed comes with a detailed property profile (deed) report where it will include current ownership, a summary of records, property value, releases, criminal activity, and more.
Who Pays the Title Search Buyer or Seller?
In most cases, the seller will pay for the property title search. The majority of mortgage lenders also require an up-to-date title insurance policy. It’s customary for the lender’s policy to be paid by the new homebuyer.
Media Contact
Company Name: Local Records Office
Contact Person: Roberto Romero
Email: Send Email
Phone: 1 (800) 790-0721
Address:2202 S. Figueroa St. #406
City: Los Angeles
State: CA 90007
Country: United States
Website: https://www.local-records-office.me/about-us/