Fusion Title Search

A foreclosure guarantee is a type of report (e.g. trustees sale guarantee, judicial foreclosure guarantee and litigation guarantee) that is used mainly for foreclosing an encumbrance (or a lien) in a certain property. The title searcher will perform a full coverage search to the property in default and a search for the addresses of the lien holders to the property in default. The addresses will be used for sending copies of the notice of foreclosure letters (such as notice of trustees sale, etc.) to the lien holders to the property in default.

A report known as Owner and Encumbrance (O&E) provides the property title history from the moment the current owner obtained it up to the present. This involves searching through different methods to obtain documents related to the property, which are officially filed in public land records. The report includes information on open mortgages and liens connected to either the owner or the property in question, recorded after the current owner acquired the property. Additionally, any judgments against the owner falling within the state’s statute are also included in the report.

The Owner and Encumbrance (O&E) report furnishes information about the property’s tax status and assessment details across all jurisdictions for which the property owner bears responsibility. In the case of overdue taxes, the report specifies the current amount owed, inclusive of any accrued interest. It also includes a comprehensive assessment of any out-of-family, full-value transfer deed leading to the current ownership. A thorough examination is conducted on all mortgages undertaken by the current owner, and details of any active mortgages are outlined in the report. Furthermore, documents related to these open mortgages, such as modifications, assignments, foreclosure actions, and the like, are included. The report also provides information on judgments and liens affecting both the property and the present owner. The report is provided in PDF format and comprises a user-friendly summary sheet, accompanied by relevant pages containing all the documents discovered during the search process.

Usually, O&E Reports are ordered by investors and buyers participating in auctions. In auction scenarios, the bid amount often does not encompass the entire lien amount owed; instead, it usually covers the base amount. Given the rapid accumulation of interest, obtaining lien payoffs through an O&E report becomes crucial. Although the report doesn’t furnish title insurance, it serves as a valuable tool for understanding the encumbrances associated with a potential property.The report is provided in PDF format and comprises a user-friendly summary sheet, accompanied by relevant pages containing all the documents discovered during the search process.

No, the report will solely encompass documents filed within the search scope. If a comprehensive report of all potential open encumbrances is needed, an upgrade to a State Statute Search would be necessary.

The usual processing time is typically within 24 business hours.

Upon completion of the search, we will email you a link to access the report.

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