A letter report is a relatively simple method of conveying information. Monarch Title Company provides letter reports to meet your real estate transaction needs. We provide quick, accurate property descriptions to verify that the title is clean with the professionalism you can expect from a title company with over 20 years of experience in title insurance and real estate closings.
Our commitment is to provide a fast, accurate, and hassle-free closing experience for each and every client. That mission extends to every phase of the real estate and closing process, including letter reports.
What is a Letter Report?
Letter reports exemplify our commitment to fast and accurate closing experiences. Letter reports expedite the process by providing a short, written summary. It’s important to remember that a letter report is not a commitment to insure, rather, it is a report on the status of a title for the current owner. In other words, letter reports briefly summarize how the current owner is in title, the legal description of the subject property and any liens found in the Recorder of Deeds and judgments filed in Circuit Court from the time of ownership to the present date. A letter report gives no warranties or title insurances.
A letter report provides the following information:
- Legal description of the property
- How property is vested
- Outstanding mortgage(s)
- State and federal tax liens
- Parcel number
- Current tax information