Multi-Title Transactions (AB)
The Legal Description(s) function under on the Property section can handle multi title transactions.
For every Title added, you have more
options available in the Legal Description(s).
In the dropdown Title is being, select Purchased, Mortgaged, or Both, to configure the file
for the transaction. You can include an individual Tax Roll No., Municipality, and Address for each title imported into the file.
Features
- The fields allow
you to include specific information for each title in the transaction. For condominiums,
you can include the Tax Roll number for each additional title, such as parking stalls and storage units.
- You can now easily process Blanket Mortgages by referencing different municipalities and property addresses for each title being mortgaged.
- The additional
flexibility will also be useful for processing agricultural transactions.
If more than 3 title searches are imported for a property, then instead of having navigation for each individual title search, it will be replaced with a dropdown to switch between the title searches.
Mortgage Forms
Mortgage forms will
only populate the properties identified as Mortgaged or Both (purchased and mortgaged).
Fields and
Document Customization
We added fields
to accommodate the multi title feature. Please contact us if you need help with
customizing your documents with these fields.
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