The Heavy Equipment Lien Search: Why You Need One

Title insurance companies typically provide research and assistance only for real estate properties. Heavy equipment and other vehicles are not covered under these types of policies. As a result, these valuable items may have undisclosed title issues that could create problems for purchasers at auction or in private sales.

Heavy Equipment Lien Search: Why Does a Clear Title Matter?

If liens are currently in place against the vehicle, they could threaten your ownership of the equipment. Performing a lien search is the only reliable way to determine if a vehicle currently has financial obligations attached to it. Without a clear title, you could be on the hook financially for debts incurred by a previous owner.

What Are the Benefits of an Equipment Lien Search?

A thorough lien search on any major equipment you are planning to purchase can help you identify serious issues, including the following:

• No lien history may indicate that the equipment was stolen or otherwise obtained in an unusual way.
• A lien search can sometimes provide information on the number of owners a particular piece of equipment has had. This can provide added information on its likely age and state of functionality.
• Any financial encumbrances on the equipment can be pointed out to the seller to reduce the price or to ensure that they are taken care of before the sale becomes final.

By working with a reputable lien search firm, you can protect yourself financially and legally when purchasing used equipment at public auctions or through individual sales.

Trust the Professionals at All American Document Services

The expert team at All American Document Services can provide you with lien searches on homes, vehicles and heavy equipment. Our experience and knowledge can help you make the best possible choices in the competitive marketplace.

Call us today at 866-318-8638 to discuss your lien search needs. We look forward to the chance to work with you!