What to Know About an Owners and Encumbrance Report
If you're diving into a real estate deal, you've probably heard someone mention an owners and encumbrance report as a way to make sure the property you're looking at isn't hiding any nasty surprises. It's one of those documents that sounds a lot more intimidating than it actually is, but it's absolutely vital if you want to avoid a massive headache down the road. Basically, it's the "lite" version of a full title search, giving you the highlight reel of who owns the land and who else might have a legal claim to it. ...