Real estate · Software tools

Real Estate Startup: Are there any software programs that will verify individuals are actual owners?

Scott Sosso

May 19th, 2016

I am building an online platform for the real estate industry and wanted to know if there were any software tools or programs that I could leverage to verify users are the actual owners of the residential or commercial property. If the tool does not already exist, do you have any ideas on ways to verify that registered users would be the owners of the subject property? Thanks.

Orion Parrott Founder and CEO, Lendsnap YC S16. We're hiring!

May 21st, 2016

propertyradar.com
http://www.datatree.com/

Anthony Zeoli Digital Strategy and WordPress Consultant and Trainer

May 19th, 2016

I'm thinking that you can grab a feed of addresses from Google Maps API then validate that feed against publicly available API data of property owners that a company like this: http://www.propertyshark.com/mason/, may be able to provide.

Scott Sosso

May 19th, 2016

Anthony, thank you for your insight.  

Joe Emison Chief Information Officer at Xceligent

May 19th, 2016

Keep in mind that in commercial real estate, most buildings are owned by LLCs, so it can often be quite a lot of work to determine who the "true owner" is. There are several businesses in the U.S. that only/primarily exist to provide "true owner" data.

Dusko Vuksanovic AVP Software Engineering at Fareportal

May 19th, 2016

Residential ownership is public record (at least in California). Exemptions exist (is you are celebrity, or Steve Jobs, then you can justify exemption).

Mark Nadelson

May 19th, 2016

I am developing a real estate website for the real estate investor and have incorporated such information into my website.  Email me at propertyportfoliobuilder@gmail.com describe what you are building.  Maybe we can collaborate.

Scott Sosso

May 19th, 2016

Vince, thanks for the response.  Looks like TitleAdvantage.com only operates in NV and CA.  Do you think the CTO will have access to data across US?  I know there are some resources out there like firstdata but the cost is $250k for nationwide data....  Looking for something much more affordable if possible.  I would really appreciate if you asked.  You can email me directly on what you find out, scott40m@gmail.com. Thanks.

Vince Marconi Founder President at Price Patrol, LLC

May 19th, 2016

your going to want to use the public data available through a title insurance company.  I worked in title and lending for many years.  The best company for title is Orange Coast Title.  Their website is TitleAdvantage.com , I do not know if they offer an API to access this information yet but I know their CTO and could ask for you.  

It should be as simple as a quick property history search then compare the name on title to the person who claims ownership.

Hope this helps!

Scott Sosso

May 19th, 2016

Mark, I am unable to view your email address.  If you follow me you can send me a message and we can chat that way. 

Jason Gibb Real Estate, Director & Business Development, MBA, CMA

May 21st, 2016

Hi Scott, I am in the Real Estate industry for the last 12 years as a developer, broker, investor and now with a Real Estate SaaS company.  
I would love to have such a database of owners, but do not believe one exists.
From my experience the only way to get the data you want is through Title Search Registry, and that will cost money on a case by case basis.  Know that there are between 5 and 10 million title transfers per year in the USA depending on what properties you include in your search so you would need to keep track of about +14,000 changes in ownership daily depending on what model you are after.  That is about 10 changes per minute to keep track of.  And each state and county may have a different title search system, so to do this across the USA will be a huge network and I do not believe any such system exists online. Generally names and contacts of owners is not public information.  On a case by case basis if you know the address of a property you can search and scrap the web to try and find any link to the owners... through any public record like a listing in the phone book, but then again that is not 100% accurate and would assume ownership, but could be by a tenant and not an owner.  you can check http://www.propertyshark.com/mason/  i tried it on a few properties that I know the owners of, it came up with no results. Try... usrealtyrecords.com I tried that too, very slow search and came back with nil in the way of owner info and they wanted $1.25 for the report that they did scrap from public records about the property.   If you can solve this problem you will be very wealthy indeed.  I know the guy who did it for Canada, the key there was to get the banks onboard for security registry on mortgages, in Canada there are only 7 major banks with about 90% of the business, and one bank Royal Bank with 50% of the business.... in USA there is about 12,500 different banks, so very fragmented for such a system.  You would need a central property registry somewhere in the USA to do this.  I would start on the state level. Please let me know if you find anything out there.  All the best. J.