Commercial O&E Report (Current Owner Search)
What is a Commercial O&E Report?
A commercial Owner and Encumbrance (O&E) Report produces the title of a property that is classified as commercial from the time that the current owner acquired it to the present time. Examples of commercial properties include farm land, garages, office buildings, hospitals, condominium buildings, hotels, malls, retail stores and warehouses. The easiest way to identify if the property is residential or commercial is by looking up the property address in the county’s assessment records and seeing how it is zoned. The title search process entails searching by various methods to retrieve property related documents which are filed in public land records. Open mortgages and liens associated with the owner and/or subject property, that were recorded after the current owner's acquisition of the property, will appear on the report. Judgments against the owner that fall within the state's statute are also reported. Additional state specific searches are also conducted such as:
- New York’s ECB and DOB Searches
- New Jersey’s Upper Court Judgment Search
- Pennsylvania’s Child Support and Prothonotary Searches
- Miami Dade, Florida’s Code Violation Search
- Maryland’s Department of Wills Search
Easements, Rights of Way, Leases, and CCRs which occur within the current ownership are provided. The report is delivered in PDF format and includes an easy-to-read summary sheet along with pertinent pages of all documents that were found during the scope of the search. Customization of the final report is also available. If preferred, information can be returned via API or spreadsheet.
Will the report include any mortgages or liens for prior owners?
No, the report will only include documents that were filed during the scope of the search. An upgrade to a State Statute Search would be required if a report of all possible open encumbrances is required.