Title Searches: Securing your asset in an aircraft transaction
In the intricate world of aviation transactions, the critical step of conducting a thorough title search is often overlooked, yet it is essential for a turbulence-free ownership experience. The relatively minimal cost of a title search pales in comparison to the potential financial and legal headaches caused by an unreleased lien. Beyond protecting your new asset, a comprehensive title search is vital for maintaining your financial health. Furthermore, for aircraft destined for skies beyond the USA, a clean title is crucial for deregistration and export processes. Complicating matters further, the financial landscape's volatility, with banks that hold liens on aircraft sometimes changing hands, consolidating, or ceasing operations, adds another layer of complexity to clearing titles. This situation underscores the importance of a thorough title search and access to the safeguarding role of title insurance.