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Title Reports

CERTIFICATE OF TITLE
The certification by a title company as to the status of the title to a particular parcel of land after an investigation has been made by a search of specified public records. The Certificate of Title sets forth only those matters affecting title which are considered valid and outstanding on the public records as of the date and time shown on the Certificate. The liability of the title company is confined to the records searched and does not extend to "off-record risks", such as forgeries, fraud, encroachments, and such matters not possible to ascertain by a search of the recorded documents.

Owner's Certificates of Title are issued with the liability in the amount of the sale price or market value (which varies depending on the nature of Title).

Lender's Certificates of Title are issued with the liability in the amount of the mortgage.

LITIGATION GUARANTEE
A Litigation Guarantee is a report that is used primarily for actions to quiet title and foreclosure purposes. It is a type of insurance policy that guarantees whom title is vested in and identifies the necessary parties defendant in an action.

FINANCING STATEMENT REPORT (UCC REPORT)
A UCC Report is a report that reflects all financing statements affecting personal property filed with respect to a person or entity that are recorded in the Bureau of Conveyances.

EXPRESS PROPERTY AND LIEN CHECK REPORT (EXPRESS REPORT)
An Express Property and Lien Check Report is a limited synopsis of certain recorded documents pertaining to a street address or other form of identification of the property as provided by our clients. The report reflects liens and other matters against the property and its owner(s) of record. It is provided to our clients as a courtesy and usually without charge. In some instances, we may not be able to provide this report. The client will be contacted, and we will recommend that a complete title search be performed. This report should be used by the Realtor® to help with the listing process of real property in the State of Hawaii. It will provide the Realtor® with the following information:

-Name of the current titleholder to the property
-Land system - Regular System, Land Court or Double System
-Estate - Fee or Leasehold Outstanding mortgages, if any
-Certain other disclosures (i.e., Agreement of Sale, Notice of Lien, Lis Pendens)
-Limited lien check on the titleholder or vendee, including State or Federal Tax Liens, Judgments, and Bankruptcy Proceedings
-Real Property Tax information
-Copy of Tax Map
-Copy of current conveyance document(s)

STATUS REPORT
A status Report is a report stating the condition of title as of a specified time. It is similar to a Certificate of Title. A maximum liability of $2,500.00 is assumed for loss by reason of an erroneous statement. Since the cost of the report is minimal, most Status Reports are used for informational purposes to determine a property's recorded ownership, its encumbrances and its legal description.

LIEN REPORT
A Lien Report is a report that reflects any outstanding liens or judgments against an individual, corporation, or partnership that are recorded in the Bureau of Conveyances. The documents reflected in the report may include State Tax Liens, Federal Tax Liens, Circuit Court Judgments, District Court Judgments, Federal Court Judgments, and Family Court Judgments. It will also include any pending Bankruptcy cases filed in the Federal Court of the District of Hawaii.