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for a fee.. they insure the title search.. so if there is a lien that is not
found in their report, and someone claims your airplane.. they "insured the title".. about a week. When I had them do a simple search, they found a lien against an aircraft that although paid and cleared by the bank, the papers were not properly filed with OKC, so the lein still existed. The airplane had gone through 3 different owners with the original lien still recorded against the aircraft and not cleared. BT I'm a member, and I've been thinking about using that service. I'm not entirely sure what they do that a mortal can't. Do they have access to some government databases that are not available to the public? Also, do you know how long it takes for them to do their search? |
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