Page 7 - CTT-CA Real Estate Foreign Buyer & Seller Guide_English
P. 7
Title Insurance
Statement of Information
What’s in a name? When a title company seeks to uncover matters affecting title to real property, the answer is, “Quite a bit.”
A Statement of Information (or SI) provides title companies with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, title companies may disregard judgments, liens or other matters on the public records under similar names.
A properly completed Statement of Information will allow the title company to differentiate between individuals with the same or similar names when searching documents recorded by name. This protects all parties involved and allows the title company to competently carry out its duties without unnecessary delay.
(example)
