tiger abstract overview and product descriptions

Intelligent Business ResearchLook to Tiger Abstract for these services. If what you need isn’t listed here, please ask. We’re used to custom requests of all kinds.

Real Estate Research Commercial Full Title Search Commercial Current Owner Search Residential Full Title Search Residential Current Owner Search ResidentialRefinanceTitleSearch Residential Bring Down Title Search Flood Determinations Appraisals – Commercial and Residential

Tax Servicing TaxCertifications Monitoring for Delinquencies Escrow Tax Servicing

Document Services Filings Retrievals Oil & Gas Leases Historical Research

Business Research UCC’s GoodStandingCertificates Corporate Lien Search Articles of Incorporation

Information is the most critical asset of today’s business world. If you don’t have enough information, decisionscannotbemade.Ifyoudon’thaveaccurateinformation,decisionscanbeflawed.Withoutcurrent and complete information, business decisions can be costly. Tiger Abstract is your resource forinformationthatwillhelpyoumakeprofitablebusinessdecisions.

Tiger Abstract’s seasoned professionals have years of experience providing businesses like yours with data and research covering all types of Real Estate and other transactions. Well versed in the use of today’stechnology,thestaffofTigerAbstractfocusesoncustomerservice.Thisisthehallmarkofourcompany history and the cornerstone of our daily mission.

275 Mundy Street, Suite 202 | Wilkes-Barre, PA 18702 | 570-821-4600 Fax: 570-825-4282www.tigerabstract.com


Document Services

Paperwork. It can be a headache, but it is critical to your business success. Tiger Abstract providesdocumentfilingservicesnationwideandinsuresthedeliveryandreturnofrealestatedocuments to the appropriate county recorder as well as city, and state recording jurisdictions. When your paperwork is in our hands you can be sure it will be properly managed.

Tiger Abstract takes an extra step with every document we handle. Each document is reviewed prior to being processed for recording to minimize rejections which can delay your transac-tions. Errors such as missing or illegible legal descriptions, missing or incomplete tax transfer forms and county cover sheets or missing or illegible notary stamps and signatures are noted priortofilingandrecommendationsmadetocorrecttheinformation.

Tiger Abstract Document Filing Services include:

Nationwide

DeedsMortgagesDeed of TrustsAssignmentsReleasesSatisfactionsOil & Gas LeasesSubordinationsUCC’s

State Level Documents

GoodStandingCertificatesArticles of IncorporationLienCertificates


AppraisalsWhat you need to know. When you need to know it.

Appraisals are a key component in the process of lending decision-making for both commercialandresidentialmortgagefinancing.Accurate,timelyandcompleteinformationiscriticaltoassureyourdecisionsarefinanciallysoundandprofitable.AtTigerAbstract,ourextensive network of research specialists allows us to complete appraisals in a timely manner regardless of the location of the property. Our experience is your asset. We know what to look for, what questions to ask and what avenues to take in order to assure you of complete and accurate information upon which to make your decisions.

Commercial Real Estate Appraisals: In most cases, commercial real estate appraisals are unique situations. Our experience is your asset. Commercial property appraisals require an intimate knowledge of standard business practices, regulations and other aspects of real estate transactions. Tiger Abstract has the experience you need to secure the most current and accurate information available.

Residential Real Estate Appraisals: We manage the assignment of appraisals, ensuring true and accurate information, monitoring turnaround time and conduct a quality control audit procedure.

Types of Appraisals include:

Single Family – All single family appraisals are completed on the 1004 URAR form and are completed within 3 to 5 business days of the appointment date.

Drive-By – The turnaround time for this type of appraisal is 72 hours from the receipt of the order. This will vary depending upon the need for both interior and exterior inspections. This appraisal is completed on the 2055 forms.

Condominium – The FNMA 1073 form is used for this type of appraisal.

Multi-Family – Three and four family property appraisals are completed on the 1025 Small Residential Income Property form. We can also appraise vacant land in anticipation of new construction, whether it is a mobile home, modular or stick built.

Mobile Home – A Mobile Home appraisal form must be completed in full, including the addendum.


Tax Servicing and ReportingReduce your risk. Save time and money.

Non-payment of taxes impacts your ability to serve your clients, and make a profit. Tiger Abstract streamlines this process giving you real-time access to information on all of your loans under service and a 100% accuracy guarantee. Now that’s peace of mind!

Tax Certificates: We will contact the taxing bodies and obtain writtendisposition of taxes.

Monitoring for Delinquencies:For escrowed loans: Tiger Abstract will report to you via our website the amounts that need to be paid on every loan you have under service with us, based on the tax cycles in your specific area. All delinquencies are reported including the amount to be paid and the information you need to remit payment to the appropriate taxing authority.

For non-escrowed loans: Tiger Abstract will report all delinquencies to you via our website. You’ll then have the option, from a variety of standard letters we provide or a customized letter of your choosing, to print out and mail a delinquency notice.

Our goal is to save you time and money. Our experienced professionals will maintain contact with you throughout the life of the loans; our web-based system provides 24/7/365 information; reports and data files are readily accessible; and our customer service is second to none.

Call us today at 1-888-6TIGER8 for an online demonstration.


Flood Determinations

Thissearchidentifiesthestructuresofagivenaddressandassignsitanappropriatefloodzonedesignation and census tract data. Our system is continually updated ensuring compliance with allfederalregulations.WeprovidestandardFEMAflooddeterminationformsguaranteedbya$5millionError&OmissionsPolicyfromanA+ratedinsurer.Servicesincludebasicflooddeterminations, life-of-loan tracking and census tract information.

Youcanaccessflooddeterminationsdirectlyfromyourcomputerinseconds.WorkingwithourpartnerWoltersKluwer,aleaderinprovidingfinancialservices,wehavesettheindustrystandardbydevelopingafully-integratedweb-basedplatformtodeliverinstantaneousflooddeterminatios the majority of the time. Tiger Abstract’s research ability combined with Wolters Kluwer’sdatabasesallowustoservecustomersacrosstheUnitedStatesandenhancesourflooddetermination product by enabling a much higher hit ratio in rural areas. (Pennsylvania).


Title Insurance and Settlement ServicesFree and clear.

Insimpleterms,titleinsuranceguaranteesthepropertyyouarebuyingorrefinancinghascleartitle. There is no question of ownership, no title defects, no outstanding issues. At Tiger Abstract, once the research is completed, we begin the work of examining the collected data.

Welookforanythingthatmayaffectthetitleofthepropertybeginningwithitslegaldescription.Are there defects in the chain of title – perhaps a missing heir or clerical errors? In addition, current issues are reviewed. We will conduct a Patriot Act check, a domestic relations search and a review of municipal charges and current taxes, listing any items on a page of Requirements ontheCommitment.ThesemustbesatisfiedinordertoissueaCommitmentforInsurancePolicy for the property. Additionally, if needed, a page of Restrictions will be provided outlining recorded items that cannot be removed from the property such as easements or right of ways.

Only then will Tiger issue an owner’s policy (and/or lender’s policy) that protects and defends your investment if any future claims are made against the property. There is a one-time fee for Title Insurance guaranteeing a “clean” title from the moment of closing backwards in time.

Once the “clear to close” is received from the lender, a closing or settlement is the next step. Here again, the detail-oriented professionals at Tiger navigate the process of satisfying all parties in the transaction.

Tiger contacts all parties to arrange an acceptable closing date while preparing the HUD-1 SettlementStatementdescribingthefinancialtransaction.Additionally,onefinal“bringdown”iscompletedtoinsurenootherliens,etc.havebeenfiledontheproperty.AttheclosingTigerreviews all paperwork with the buyer and seller and explains all disclosures. Once signed, Tigerreviewsforaccuracyandfilestherecordabledocumentsatthecourthouse.Finally,Tigerdisburses all funds to the proper entities.


Home Owners, Buyers and Sellers

Need for Title Insurance:Buying a home is one of the biggest decisions you will ever make, which is why you need Title Insurance to protect your property from title defects. There are many potential risks associated with title defects such as:

• Lack of legal access to and from the land • Forged signatures • Errors in the Court House tax records • Federal, estate, tax or inheritance liens • Mechanics liens • Title signed by someone mentally incompetent • Title signed by an impersonator (not the legal owner of the property) • Undisclosed heirs • Title not executed properly or acknowledged correctly • Clerical errors • Incorrect legal descriptions • Executed documents by a minor • Errors resulting from improperly probated wills

Your title insurance policy protects you and your lender against these possible title defects. Title Insurance Policies:Owner’s Policy: When you purchase a property you are issued an Owner’s Policy. This policy protects you against title defects. The one time only premium* for the policy is paid at closing and is based on the purchase price of the home or the loan amount, whichever is greater. An owner’s policy is not transferable. It lasts as long as you or your heirs own the property, or until the title is sold or transferred.An Owner’s Policy provides assurance that your title company will stand behind you, monetarily and with legal defense if needed, if a covered title problem arises after you buy your home. The bottom line is your title company will be there to help pay valid claims and cover the costs of defending an attack on your title. Lender’s Policy: This policy protects the lender’s investment interest in your property. This policy protects the lender against title defects that may affect the mortgage. The lender’s policy is in the amount of the mortgage loan and decreases as the loan is paid off. This policy is valid for the duration of the loan.

*When you purchase your home you pay one premium that is all-inclusive for both policies.