Title examination and due diligence
TITLE EXAMINATION and DUE DILIGENCE
TITLE EXAMINATION
Spring Creek can provide very experienced title professionals to manage abstracting projects. Our agents understand the importance of providing complete chains of title to provide reports that are accurate, detailed, organized and timely. Title is the most important part of land acquisition business. If the title is wrong, all work is for nothing. This will lead to possible project downfall or at the very least timely and costly additions to the project completion. Spring Creek title professionals are experienced in all areas of title research such as: surface title, mineral title, title curative and sovereignty run sheets. Timely title updates are provided by our agents and can be tailored to any part of the country.
DUE DILIGENCE
Due diligence research is very important to project development due to the fast paced world we live in with frequent sales, mergers and acquisitions, exchanges and inheritances. A due diligence report will examine current right of way documents with project blue prints and proposed maps to find out all legal ramifications. This process is necessary for the transfer of title information and other documentation which affects project location sites. It will give the client more of a competitive edge allowing for a more aggressive leasing campaign. This may also lead to providing collateral package preparation.
A comprehensive review of title provides complete ownership information as well as history of the proposed property. Information extracted from a complete title search may include the following:
- Grantors, addresses, contacts, footage, etc.
- Legal description of property
- Easements
- Tax assessments
- Leasehold interest
- Title Clouds
- Amendments to easements
- Assignability
- Ingress and egress
- Encumbrances
- Location and facilities covered
- Royalty interest
- Abandonment provisions
- Expirations of rights
- Fee simple and leased land identification
- Above ground appurtenances
- Work space agreements
- Future provisions/Number of lines
- Recording data
- Size of existing right of ways
- Costs to exercise additional rights
