Title and Abstracting
Our expert team of title agents provide turnkey services in all regions of the nation and mobilize to provide cost effectiveness and timeliness to your project.
- Sovereignty Title
- Title Commitment Preparation
- Mineral and Surface Ownership Title Reports
- Curative
- Due Diligence
Patent Title for Title Insurance – Vanguard will conduct courthouse research and prepare title reports for the Subject Tracts from patent to present for surface ownership with notation of mineral severances. If requested by the client, Vanguard will conduct research and prepare reports for mineral ownership. Vanguard will provide detailed title runsheets, ownership information, all associated documents, ad valorem tax information, plat maps and draft schedule A & B for policy.
30 Year Marketable Title – Vanguard will conduct courthouse research and prepare title reports for the Subject Tracts for at lease 30 years covering the surface ownership. Vanguard will provide a limited title report, all associated documents, ad valorem tax information and plat maps.
Drill-site Title – Vanguard will conduct courthouse research and prepare title reports for the Subject Tracts from Patent to Present covering surface and mineral ownership. If requested by the client, Vanguard will provide NPRI, ORRI, WI & NRI breakdowns. Vanguard will provide a full title runsheet, all associated documents, ad valorem tax information, plat maps, production verification charts. In addition to this service, Vanguard will coordinate with the Title Attorney that rendered the Title Opinion and assess curative requirements, work directly with Title Attorney to provide the necessary services to cure items necessary to obtain title clearance.
Frequently Asked Questions
A patent title is a brief, technically accurate, and descriptive phrase that summarizes the invention described in the patent document. It serves to identify the subject matter of the invention and is used for indexing and searching purposes.
There is no specific “title endorsement” for a patent. However, the patent title is an essential part of the patent document and should be carefully chosen to reflect the invention’s scope accurately.
The United States Patent and Trademark Office (USPTO) recommends that patent titles be concise and contain fewer than 500 characters.
A title commitment is a preliminary report issued by a title insurance company that outlines any potential issues or defects with the property’s title. It serves to inform the buyer and seller of any encumbrances or claims that could affect the ownership of the property before the sale is finalized.
Title refers to the legal ownership of a property. It is essential in real estate because it determines who has the right to use, sell, or transfer the property. A clear and marketable title is crucial for a successful real estate transaction.
A title commitment is a preliminary report issued before closing, while a title policy is the actual insurance policy that protects the buyer and lender from any losses due to title defects after the sale is completed.
Marketable title and insurable title are related but not identical. Marketable title is a title that is free from reasonable doubt and would be accepted by a prudent buyer. Insurable title is a title that a title insurance company is willing to insure against defects. While an insurable title is generally marketable, a marketable title may not always be insurable due to specific risks or exclusions.
Marketable title is a title free from reasonable doubt and would be accepted by a prudent buyer without the fear of litigation. It means there are no significant defects or encumbrances that could jeopardize the buyer’s ownership rights.
Title insurance typically does not cover issues that are known to the buyer before purchasing the property, zoning or land use restrictions, or problems that arise after the sale is completed, such as encroachments or boundary disputes.
Marketable title is a title that a reasonable buyer would accept, while a defensible title is a title that can be defended in court if challenged. A defensible title may have some minor defects or encumbrances but is still considered legally valid and enforceable.
