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Transfer fee supporters responded that the potential for a claim arising from a document that was properly filed in the public records yet still overlooked by the title company was not unique to a private transfer fee covenant, but instead was inherent in every mortgage, lien, encumbrance and other document filed in the deed records. [31]
Therefore, it behooves purchasers and mortgage lenders to record their deeds or mortgages, respectively, to prevent this outcome. Once an instrument affecting the title to real estate has been recorded, the law holds that everyone is deemed to know of its existence, even if they have not searched the records in the recorder's office.
In real estate business and law, a title search or property title search is the process of examining public records and retrieving documents on the history of a piece of real property to determine and confirm property's legal ownership, and find out what claims or liens are on the property. [1]
Here are the property transfers recorded with the Somerset County Recorder of Deeds from April 8-12. Lishia Real Estate LLC to Melissa and William Sanner, Meyersdale Borough, $108,000.
Terry Lerch to Amos Zook, property on North Ninth Street, $150,000. Diane and Donald Fox to Chad Smith and Kevin Smith, 1572 Lafayette St., $100,000. Christopher Frey to Related Realty LLC, 460 N.