Summary of Specifications:
The Village of Port Chester is looking to do a title search for the “Subject Area. The successful proposer must be able to perform a standard historical land record, and title search for the all properties listed within the “Subject Area” and must provide the Village with a report of the findings. The report shall be a complete title abstract for all properties listed within the “Subject Area,” and shall include the following information: • Owners of Interest- Records of all owners of interest, including but not limited to lienholders, mortgagees, and title holders to easements, for each parcel located in the Subject Area. • Ownership Structure- Report on the listed ownership structure, joint tenants, individual, corporate, tenants in common, etc. • Park Land- A specific section of the report dedicated to any prior park land dedications. • Deed Copy- Include an official copy of the most recent deed for each parcel in the Subject Area with county recording stamp and date. • Legal Description- Full property legal description. • Mortgage Search- Mortgage abstract will list open mortgage with mortgage lender information including amounts of mortgages, dates and any subordinations, assignments and modifications thereto. Mortgages will be listed in order of apparent priority (first mortgage, second mortgage, etc.) • Equity Loan Search- Report of equity loans and credit lines against the property setting forth the same information as contained in Mortgage Search, above. • Tax Payment Search – Detail of tax assessor account with amounts and dates of payments and delinquent payments due. • Foreclosure Search – Report on foreclosure status listing any lis pendens, notice of default (NOD's), and orders to sell under power. • Bankruptcy Search. • Civil Court Records Search - Report on civil court records found to be recorded against the land records of the property. • Plat/survey map - Copy of the official county survey, if recorded. • Property Identification number (PIN). • Property restrictions. • Leases • Option to Purchase • Corrective Deed - In the event an error existed on a prior deed, a corrective deed can be used to rectify the error. • Right of Way All historical documents and information in the Village’s possession, and will be made available to the successful proposer, to assist them in their performance of the scope of work requested in this RFP.
