What The Heck Is A Real Estate Prelim? | MailBag | Q&A
✉️ MailBag ✉️
You ask questions, and I answer them. This week the question is, "What is a preliminary title report?" - Melissa C.
A preliminary title report is a precursor to the title report.
Here's what you do with it.
Agents, when all transactions open, you get a preliminary title report - most likely issued from escrow. In every single one of my deals, I send my preliminary title report to my title officer. Even if he's not the title officer on this particular deal - I ask him to look it over. These reports can be covered in landmines and things that are easy for the untrained eye to miss. Make sure you bring in an expert-level second pair of eyes to check out your preliminary report before moving forward.
As usual, wonderful question. I'm really enjoying working through all these. Keep sending them in!
Thanks for being part of the rebellion and for being here ❤️ Pete
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