Posted on: 24th Sep, 2007 03:25 pm
i want the defination with example and basic difference between the terminologies.
Hi Ramesh,
Welcome to the forum.
Title report is a document issued by the title company which indicates the current title to the property. The report also includes any restrictions or liens against the property.
An appraisal report is a document issued by the appraiser giving an estimate detail of the market value of a piece of property of a person. This evaluation of the property is based on a close inspection and a review of the nearby comparable property values.
A property report provides a legal description to the property with an estimation of the price of the home in today's market and how it might perform in the future. It is quite similar to an appraisal report.
A credit report is a record prepared by a credit bureau that shows the credit history of the borrower. It provides information about the borrower's past loan history, tax liens, judgments if any and his other related credit details.
Welcome to the forum.
Title report is a document issued by the title company which indicates the current title to the property. The report also includes any restrictions or liens against the property.
An appraisal report is a document issued by the appraiser giving an estimate detail of the market value of a piece of property of a person. This evaluation of the property is based on a close inspection and a review of the nearby comparable property values.
A property report provides a legal description to the property with an estimation of the price of the home in today's market and how it might perform in the future. It is quite similar to an appraisal report.
A credit report is a record prepared by a credit bureau that shows the credit history of the borrower. It provides information about the borrower's past loan history, tax liens, judgments if any and his other related credit details.