What Bingo Title Does?
Title Report Construction Process
Resource A Project Local Abstract Plant
Runsheet Creation
Obtain Instrument Images
Index Owners
Report Ownership & Identify Potential Curative Items
Production Data: Review & Report Texas RRC / New Mexico OCD / Other Appropriate Oil & Gas Reporting Jurisdictions (For states other than TX / NM)
Abstract Plant
Utilizing an abstract plant, also sometimes referred to as a title company, is like finalizing an existing framework rather than building from the ground up.
The advent of digital abstracts has made the process even easier.
Runsheet Creation
Time consuming and demanding of intense focus, reviewing instruments and correctly assessing their details is the most essential component to creating an accurate title report. It's also vital in order to index properly.
Instrument Images
While reviewing instruments for the Runsheet Creation, clean and clear PDF images are obtained so that licensed legal counsel will be able to review them at a later date.
Indexing
Abstract plants are a title agent's best friend, but they are also limited in what they can provide. Inevitably, in order to make sure there are no gaps in the title, all of the appropriate indexes must be run. This includes the indexes in the District Court or District Court equivalent in states other than Texas.
Report Ownership
Knowing who owns the property rights is crucial for any land development project. Accurately assessing these owners comes from diligent runsheet interpretation and construction. A well constructed ownership report should not only accurately reflect who owns the rights to the subject tract, but also preemptively identify where the client may need to seek appropriate legal counsel in order to resolve potential curative measures.
Production Data
Evidence of whether a tract of land is currently producing, or has plans for development, is necessary for a full abstract of the property.
Areas Of Operation
Bingo Title Solutions has successfully helped serve clients in Southeast New Mexico and all across Texas.
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