Voluntary Liens Report also referred to as Debt Report, consists of liens placed on property with the consent of, or at the request of the property owner, or as a result of a voluntary act by the owner of a property. This report contains current and historical information about the status of secured financial interests in a property, as well as entire information on the secured financial interest created by an agreement between a creditor and a borrower. In simple terms, this type of property report consists of known current and historical debts that a property owner agreed to have recorded. In essence, when the borrower is agreeing to use the property as collateral to secure the loan, it places a voluntary lien on that property. Once recorded, it becomes publicly accessible information. Real estate mortgages and trust deeds are the best examples of such liens. The most common type of voluntary lien in real estate is the one created by a mortgage in a form of a home loan.
This specialized chronicle contains property information commonly extracted from several Public Property Records. It is comprised of the prevalent property data acquired from County Records and Tax Assessor's Offices and is distinctly more comprehensive than our Title History Report. An existing Title History Report on a subject property is in every respect comprised a part of a Voluntary Liens Report. We do not recommend obtaining a Title History Report if you decided to obtain or already have obtained a Voluntary Liens Report.
The logic behind the Voluntary Liens Report: to provide instant online access to the history of financial transactions such as Sales, Mortgages, Releases, Assignments, and Foreclosures, as well as ownership records of real property. The contents of this report are ideal for seeing how often the property was sold, what the mortgage history is for the property, and who the parties were for the transaction. This lien data is vital for determining the overall quality, as in whether the property was refinanced, foreclosed upon, or other types of transfers, and the size of the loans.
Types of Properties: residential, commercial, industrial, agricultural, land, and all other available types of Real Estate Properties.
Contents of Voluntary Liens Report: various transaction records, including current and historical information about the status of secured financial interests in a property, such as ownership transfers and trustee's sales records, mortgages, releases, assignments, modifications, and foreclosure-related notices. Voluntary Liens report also includes History Start Date and Recorded through Date information for the County where that property is located. The summary of all major transactions with available document numbers and recording dates for each transaction is also a part of a Voluntary Liens report.
Property History Data: most records contain Sales, Recording Document Numbers and Types, Title Company, Grantor and Grantee, Mortgage Recording Date and Document Numbers, Lender Name, Loan Amount, Mortgage Term, and other transaction characteristics such as the status of secured financial interests, releases, assignments, and foreclosures.
To compare Title History and Voluntary Liens Reports please study the chart below. To review report samples click on the report name in the table.
|CONTENTS||TITLE HISTORY||VOLUNTARY LIENS|
|Summary of Records||No||Yes|
|Finance / Mortgage Records||Yes||Yes|
Property reports do not represent the condition of the title and may not include all recorded information. Not all data may be available in all Counties or on every real property.