TIER®

After providing for enjoyment and safety, your home is an investment in your financial future. Make sure your home's value is not diminished by invisible legal risks. 

What is TIER?

TIER (Title Insurance Exceptions Review®) is a legal due diligence tool that delivers a legal opinion of documents representing exceptions to title insurance in four business days after necessary, supporting documents have been received. 

Exceptions to title insurance represent potentially problematic, expensive, or irreconcilable issues regarding a parcel's use, insurability, and financing. 

Finally, TIER assigns a risk assessment of your parcel:

GREEN: Parcel is ready for sale or purchase.

YELLOW: Potential use, title, or lending weakness that affects market value.

RED: Defects require legal work before close of escrow.

How does it work?

Upload a simple Order Request. A preliminary title report will be ordered for your parcel. After all exceptions documents have been received, your attorney delivers your TIER analysis in four business days. After reading your TIER, speak to your attorney and address any questions you may have.

Who uses TIER?

  • Buyers and sellers of residential and commercial parcels
  • Buyers and sellers of bare land
  • Cash Buyers
  • Court-Appointed Officers
  • Estate Executors
  • FSBOs
  • Investors
  • Probate
Lady with SkyLight

Benefits:

  • Know what title insurance doesn't cover
  • Minimize the legal risks of a parcel before close of escrow
  • Negotiate price and terms that address the circumstances of the public record
  • Substantiate market value

 

Types of documents reviewed:

  • Covenants, Conditions & Restrictions (CC&Rs)
  • Deeds
  • Easements
  • Judgments
  • Plats
  • Record of Surveys
  • Road Agreements
  • Septic Agreements
  • Tax Liens
  • Water Agreements

Buyer Beware: As a matter of public record, the law assumes buyers know and understand the effect exceptions documents have on a parcel's use, insurability, and financing.

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What is The GREEN Light System®?

The GREEN Light System is a legal due diligence system that assesses the risk of a parcel,

risk the law assumes you understand.

TIER and TIER Plus assign a legal risk assessment:

GREEN:  Parcel is ready for sale or purchase.

YELLOW: Potential use, title, or lending weakness that affects market value.

RED:   Defects require legal work before close of escrow.

GREEN Light Certified properties:

  • Reduce risk
  • Substantiate price
  • Simplify transactions

Reduce the risk of real estate transactions by insisting on GREEN Light Certified® properties!

What does it cost?

TIER Contingent Pricing Schedule

AssessmentCostDescription
GREEN$1000Public record ready for market
YELLOW$1250Public record indicates weakness, but not significant risk
RED$1500Significant risk; public record indicates defects

Advance Fee is $1500 per parcel. If parcel tests Red, no refund is owed. If parcel test Green or Yellow, refund will be initiated the business day following the completion of TIER.

 

Contingent Refund Schedule

AssessmentRefund
GREEN$500
YELLOW$250
RED$0

To Order

Have the following information handy:

  • Name and contact information
  • Legal description, parcel number, and/or street address of the Subject Property
  • VISA, MasterCard, Discover information

Ordering takes less than five minutes.

 

What happens next?

1. Preliminary Title Report. The preliminary title report is ordered for your parcel.

2. Exceptions documents. When all exceptions documents have been received, you will receive an email listing the documents to be reviewed, a due-by commitment date, and a scheduled time to speak with your attorney.

3. TIER evaluation letter complete. You will receive an email with the TIER and invoice attached. If parcel tests GREEN or YELLOW, refund will be initiated the next business day.

4. 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.