As a real estate professional, your time, effort, and commission are valuable. That’s why doing your due diligence early while managing a real estate deal can make all the difference. The GeoWarehouse Title Check feature is designed to help you identify potential red flags before they impact a real estate transaction and expedite the process of completing your due diligence.
What Is Title Check?
Title Check focuses on five critical areas to streamline and elevate your due diligence process by quickly displaying if any of the five typical encumbrances that could impact your subject property exist on the title:
Here’s what it looks for:
- Registered Mortgages: Examines if the property has one or more active mortgages on title.
- Liens: Instantly checks for financial claims or debts that could be tied to the property.
- NOSIs (Notices of Security Interest): Examines any existing NOSIs still registered against titles.
- Condo Declarations (if applicable): Dive into condo declaration information when dealing with condominiums.
- Condo Plans (if applicable): Identify structural or legal condo layout information that may affect buyer decisions.
Why Title Check Matters for Your Bottom Line & Your Reputation
Imagine that you’re almost closing out on a transaction, only to discover a lien or undisclosed rental agreement that changes the buyer’s mind. Not only is that deal at risk but so is your commission and your reputation as a trusted advisor.
With the GeoWarehouse Title Check tool, you gain visibility into potential title issues before they create problems. Encumbrances flagged by the Title Check tool signal the need for further due diligence which you can investigate.
While the Title Check tool offer a snapshot of those potential problems, a deeper dive into a Parcel Register* and associated registered documents provides comprehensive insights into these encumbrances. It’s also important to note that a Parcel Register might uncover instruments beyond the five critical areas included in the Title Check feature.
How to Use the GeoWarehouse Title Check Tool
Getting started is easy. Follow the simple steps outlined below, or dive into our video tutorial on how to navigate the Title Check feature:
- Log in to the GeoWarehouse platform. Whether that be through the website or through your real estate board system.
- Search for your subject property to bring up the relevant property details.
- In the Property Report section, scroll to where you find “more information on Title review “& click on the link which is an indicator that one of any of the 5 most common encumbrances exists against the property title.
- Click ‘View Details’, review findings, and explore the purchase of a Parcel Register or additional documents if the encumbrances listed require more investigation.
Click here to view our Tips for Success document for more details on how to access the Title Check tool. Empower yourself with Expert Training
Want to get even more out of this feature?
We offer expert-led training sessions to help you understand when and how to use the GeoWarehouse Title Check tool most effectively. Sign up here or request a group session to equip your entire team with the insights they need.
**Title Check and Parcel Register are official products of the Ontario government, made available through GeoWarehouse. Use of the Title Check tool does not guarantee a commission upon a closed transaction. Users are responsible for conducting their own due diligence. The Title Check Tool is designed to facilitate and expedite that process.
