This is NDS Jeopardy!

To be or not to BO&E

100

When your Goldilocks thinks a current owner is not enough and a full search is too much, this report with a numerical name is just right

Answer: What is a 2 Owner Search! - These searches start from the last 2 full value deeds on forward and includes full legal description, most recent vesting, all ownership copies, all open voluntary lien copies, all involuntary liens copies, all encumbrances copies, and tax payment details (where available). 2 Owner searches costs $40-100, varies by county/state

200

Call me Ishmael. This whale of a report would certainly capture the attention of Captain Ahab, searching back to a states Marketable Recording Title Act

What are Full Searches! These reports include the full legal description, most recent vesting, all ownership copies, all open voluntary lien copies, all involuntary liens copies, all encumbrances copies, and tax payment details (where available) from the "MRTA Deed". The MRTA Deed is 1 conveyance behind the MRTA Limitation. IE, if MRTA limitation is 30 years, and there are deeds that are 29 years old and 31 years old, the search would start from the deed that is 31 years old. Each state has their own "MRTA" statute, and typically mirrors Statute of Limitations laws. 30-60 years is the typical limit. Full Search reports costs $150-350, varies by county/state

300

NDS Haiku This Report Begins Full Value Deed Recorded Pricing Better Now

Answer: What is an O&E Search! Also called a Tract Search, Current Owner Search, and Property Information Report; these searches start from the last full value deed on forward and includes full legal description, most recent vesting, all ownership copies, all open voluntary lien copies, all involuntary liens copies, all encumbrances copies, and tax payment details (where available). O&E reports costs $30-75, varies by county/state

Condo Commando

100

Stop Sherlock! Before you can order HOA Estoppel/Ledgers, these type of investigative reports are needed

Answer: What are HOA Identification Reports! These reports identify all pertinent HOA's and their HOA representative contact info, including the management company or attorney. These HOA Identification reports typically costs $30-50

200

No Condo Commando would settle for just 1 flavor of Ice Cream. Go for the Napoleon with this HOA product that offers 3 Flavors, Verbal, Written, and Custom

Answer: What is HOA Direct! HOA Direct delivers HOA data to the customer. This HOA Data can be obtained verbally, written, or NDS can custom tailor a solution for your Napoleon! HOA Data could be financial details (I.E. estoppel letters, ledgers, budgets), questionnaires, gate access info, insurance info, etc… Some pieces of this data can be confirmed verbally or even cascade to written, others require written. Custom solutions include checking safe harbor compliance, negotiation HOA fees, FNMA Condo Project approval, etc. HOA Direct Verbal costs $20-$30, HOA Direct Written costs $40-$50, and HOA Custom is by quote, but $150-$300 is typical.

300

DAILY DOUBLE!!!! States' Statutes typically legislate separately 3 types of Associations; Homeowner, Condominium, and Co-Ops. These 2 ambidextrous land use codes (1, jointly connected homes and 2 tornado magnets) can fall in either Homeowner or Condominium laws.

Answer: What are Townhomes and Mobile Homes! These can fall under homeowner or condominium statutes depending on how the declaration or Covenants Conditions Restrictions (CCR) for the community is written. Easy way to tell, look at the legal description. If platted lands or Metes & Bounds, it falls under HOA. If it refers to a declaration, it is a Condo

The Devil is in the Details

100

These explosive run off charges could be passed through to the clients on top of the report fee, but are not known until the report is completed, BOOM!

Answer: What are Copy Charges! - If an abstractor has to pay for image copies, these Copy Charges are passed through to the client. There is no way to know what these charges could be ahead of time because they are based on the amount of pages in the search, but clients can request pertinent or the first 2 pages of a document to help reduce this costs. Typically, Copy Charges are $1.00 per page.

200

A handful of states require title reports to be certified by these "legal beagles"

Answer: What are Attorneys! States such as NC, SC, LA and others require an attorney to certify any title report. NDS does disclose that any attorney certifications are the responsibility for the end user; however, we can offer attorney certifications, which does affect the price points of the title product along with the certification fee. The Attorney Certification fee is $40-60

300

Temptation is everywhere! Another word for whole nation, NDS products cover these markets

Answer: What is Nationally! NDS Products are national. We cover all 50 states and all counties within, also Washington DC!

Potpourri

100

These describe a property mathematically, platted, or even azimuth (Google it!). Don't stop at brief, get the full!

Answer: What are Property Legal Descriptions! When it comes to Property Legal Descriptions, more is not less. Most State Underwriters and Courts weigh heavily on the Property Legal Description, and it is imperative to make sure the Property Legal Description is correct. NDS Full L&V Reports provide the client with a FULL Property Legal Description that they can rely on transactionally. NDS Full L&V Reports costs $7-10

200

FNMA is on First, BAC is on Second, and VA is on Third. But MERS as Nominee for Who is the originator! These reports know the details of this lender chain. Be careful there are no breaks in the chain!

Answer: What are Assignment Verification Reports! AVR's identify the client's mortgage and all of the assignments. If there are any breaks in this assignment chain, it could cloud title, even if the mortgage has been released! These Reports costs $20-$50, varies by county/state

300

Title Insurance doesn't cover everything. These reports assist in a title transaction by uncovering unrecorded matters, like open permits

Answer: What are Municipal Lien Searches! These searches reach out to the municipalities to reveal unrecorded open matters like; water, sewer, utility, building code, code enforcement, special assessments, and permits. These reports are essential for any buyer and a great marketing tool for any seller. Municipal Lien Searches costs $85-$150, varies by region