Financing Guide Step 4 - Fortifying the Security of Your Asset
Third-Party Orders involve obtaining coverage to insure the property, along with conducting a Title Search obtaining a CPL (Closing Protection Letter). These steps play a crucial role in fortifying the security of your asset. Think of it as the due diligence phase where we ensure your property is protected and your title is clear.
Why is it Important?
Investing in real estate is not just about profiting; it's about safeguarding your assets. Third-Party Orders provide a comprehensive view of potential risks and protect you from unforeseen challenges. By insuring the property and verifying the title, your asset will be on a rock-solid foundation.
What Gets Accomplished?
During this phase, we obtain a coverage binder that shields your property, and we conduct a Title Search to confirm the property's ownership status. These steps provide a peace of mind, assuring you that your asset is backed by a clear title and comprehensive coverage.
