Also known as a title report, it is a brief report summarizing the possible liens that are recorded in the register of deeds and other offices concerning a piece of property—from the time an owner takes ownership of the property through the current date.
A letter report does not provide any insurance on your property.
There are many scenarios when ordering a letter report is recommended:
- Buying a home, land or other property
- Establishing a transfer of death deed in conjunction with estate planning
- Buying or bidding on homes at foreclosure/sheriff sales (no review of civil file will be done)
- Business expansion and/or buying adjacent land