VATC Title Update Service
Your time is valuable. Let VATC make those unprofitable title update trips back to the town clerks offices for you. We’ll recover relevant information and send you a complete title update.
The Service:
After closing, VATC sends an experienced title searcher to the land records to obtain final recording information and conduct a title update. We ensure that all documents are properly executed and recorded and disclose to you the existence of any documents filed during the “gap” period.
We’ll send you an e-mail report of our findings. If all pertinent documents are not recorded, we will make a second trip back to the town clerk. This allows your office the opportunity to record additional information pertaining to the file prior to our second visit.
Ordering:
Ordering is easy! Simply indicate on the VATC transmittal form that you are requesting a VATC update. Be sure to enclose a complete copy of the title insurance commitment or a copy of your Short Form policy (including Schedule A) along with your title report.
Responsibilities:
VATC will:
- Make up to two visits to the land records per transaction
- Complete a title update from the Commitment date to the recording date of the closing documents
- Confirm proper execution and recording of pertinent documents
Reporting:
VATC will communicate the results of its search via e-mail to your office (no more paper!). We will provide all final recording information and/or any discovered title issues which may need further attention.
Fee:
The cost of the VATC update service is $25 per transaction. This fee is normally assessed to the borrower at closing and is placed on the HUD.
We ask that you kindly remit VATC update fees via a separate check and not as part of the title insurance premium. Please make checks payable to VATC and include the property address on the check.
FREE OFFER
If you have not yet used our title update service, your first three updates are free! Call for more details.
If you have any questions about the service, please contact State Manager, Andrew D. Mikell (andymikell@catic-e.com).
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