What is TIER?
TIER (Title Insurance Exceptions Review®) analyzes legal risks that title insurance doesn't cover, risks that may affect the enjoyment and market value of a parcel.
TIER delivers a Legal Opinion letter of a parcel based on public-record documents including an overall legal risk rating, legal risk ratings for each individual public-record document, a legal analysis of each document, and information on how to address negatively-rated documents.
For more information, see The GREEN Light System.
The GREEN Light System: A marketing system for assessing legal risk of a parcel, risk the law assumes you understand.
GREEN: Parcel is ready for highest-and-best use pricing
YELLOW: Potential use, title, or lending weakness affecting market value
RED: Defects require legal work before close of escrow
Parcels that have qualified as GREEN Light earn the GREEN Light Certified® designation.
- Identify highest-and-best use price
- Establish a legal basis for intended use
- Reduced legal risk
Types of documents reviewed:
- Covenants, Conditions & Restrictions (CC&Rs)
- Record of Surveys
- Road Agreements
- Septic Agreements
- Tax Liens
- Water Agreements
How does it work?
Upload Order Request. Preliminary title report is ordered. After all necessary, supporting materials are received, a Legal Opinion letter is delivered in four business days. You will receive an email scheduling a time to speak with your attorney and answer any questions you may have.
What does it cost?
Flat fee of $1500 per parcel includes the cost of the preliminary title report.
Have the following information handy:
- Name and contact information
- Legal description, parcel number, and/or street address of the Subject Property
- VISA, MasterCard, AMEX, Discover information
Ordering takes less than five minutes.
What happens next?
- Preliminary Title Report. Preliminary title report is ordered.
- TIER Legal Opinion letter. After all necessary, supporting documents have been received, your TIER letter will be delivered in four (4) business days.
- Attorney phone call. Your attorney will call at the scheduled time to answer your questions.
Note: Eight (8) holidays are observed per year: New Year's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving, Christmas Eve, Christmas, and New Year's Eve.