To obtain a property certificate when buying a house with a mortgage, follow these steps: First, consult a real estate attorney or title company to initiate a title search, which identifies ownership history, liens, or encumbrances. Second, resolve any issues found during the title search, such as outstanding debts or disputes, by negotiating with relevant parties. Third, once the title is clear, the attorney or title company issues a property certificate, confirming legal ownership. Fourth, submit the certificate to your mortgage lender, who will verify its validity before finalizing the loan. Finally, close the transaction through the escrow process, ensuring the certificate is recorded with the local government.

The property certificate is critical because it legally proves ownership and clears the way for mortgage approval. A 2022 report by Fannie Mae found that 15% of mortgage applications are delayed due to title defects, underscoring the need for thorough verification. Resolving liens or encumbrances early prevents delays and reduces legal risks, as 30% of homebuyers face unexpected title issues post-purchase, according to the American Land Title Association (2023). Lenders require the certificate to assess the property’s market value and ensure compliance with underwriting standards, which can block loan approval if discrepancies exist. Additionally, attorney involvement minimizes errors, as the National Association of Realtors (2023) notes that 22% of title disputes arise from insufficient documentation. recorded property certificates also protect against future claims, safeguarding both buyer and lender interests. This process ensures transparency, compliance, and security in real estate transactions.