When you are ready for construction loan financing, the issues previously referred to will form the basis of a preliminary report for the benefit of you and your lender. Your Title Officer will then be working with you and your lender to:
If you intend to start work on the subject property prior to the recording of your construction loan, consult your Novare Title Sales Representative or Title Officer before work begins on your subdivision site. Your lender requires that its title insurance policy insures against loss due to any mechanic’s lien claims. In order to provide this insurance to your lender, you will need to provide an indemnity, acceptable to Novare Title. We recommend that you notify us of any start of work on your project site at once, but no later than 48 hours before your construction loan is expected to record. This will give us the minimum time necessary to prepare and process your indemnity for approval.