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Last Updated: Nov 14, 2018 01:36PM AST
CoreLogic is the premier supplier of PRO’s U.S. real estate. Mortgage, consumer and specialized business data are compiled from property records, tax assessments, property characteristics and parcel maps from tax assessors and country recorder offices across the nation. Currently, over 150 million commercial and residential property records are in this dataset.
 

Conducting Searches within Real Estate

The Real Estate dataset allows you to enter a prospects’ name to view their property listings; Or, you can build a list of properties based on location, property types and value ranges.

To look up a Name:
Simply submit the company or individuals name in the search field. You have the option to narrow down the search with ‘other information’ such as ‘property type’, ‘APN number’, ‘ownership status’ and more. Notice that the name can be listed with a middle initial, spouses name, etc. – So you may wish to try different variations of the name to ensure you are obtaining all of the information available.

Please Note: Under the Street Address Column, you are able to click on any of the names to view other properties within that street.

To look up an address in Real Estate
It may be more beneficial to not enter the full address in the search. Being too specific may not bring back the results you are looking for (the address may be recorded differently in our database). For example: North Belmont Lane may be listed as Belmont Ln N in the database, try searching street name, city and state instead.

To Build a List
There are many possibilities for list building in real estate. Be proactive searching by owner type and location, narrow it down even further by mailing or property address, property types, even value ranges.

 


Real Estate FAQs:

What regions are covered?
The Real-estate information represents properties from across the entire United States.

How many properties are in the database?
Approximately 145 million properties are available for searching.

What is the percentage of corporate owned vs. personally owned property?
80% personally owned 20% corporate owned.

What kinds of properties are included in the information?
The information is made up of about 24 different type of property, from agriculture to single-family residence, from commercial to condominiums.

Why does address information appear with the owner’s names?
A person or corporation may have an address that is different from the actual address of a property they own.

What does the label “Free and Clear” mean?
The label Free and Clean means that the Property Owner has gained outright ownership of the property, such as when it is completely paid off (aka mortgage satisfaction or mortgage release document filed) and no creditor has a claim on the property. This information is updated monthly.

What is the difference between Owner Address type and Property Address type?
When selecting your search criteria you can choose to search based on individuals or corporations mailing address or search for a specific property if you don’t know who owns it. You select ‘Owner’ if you know the owners mailing address, the search results will show you all the properties they own, which would include the property attached to the mailing address. In other words, John Smith of Dover, NH may own property that is on Wheat land Dr in Jackson, OH as well as property in Dover, NH. You select ‘Property’ if you want to look up a specific property by address to see who owns it, or maybe you want to look at all properties on a given street or city.

What does a property type of exempt mean?
A property type of exempt means that the property is tax-exempt, for example, a Non Profit.

What sources make up the Real Estate information?
The Real Estate information is provided by leading North American globally recognized, information collector, CoreLogic.

Why does some information use the term ‘NA’?
The information is collected from publicly available sources. At the time of data collection the source information used by our provider did not contain valid information; therefore a placeholder value of ‘NA’ is used. NA, depending on the context may mean Not Available or Not Applicable.

In the search results, why does a property’s street address sometimes show a link and other street addresses do not?
The purpose of putting a link on the street is to allow our clients the ability to see all the other properties that are on the same street. To achieve this, we need to match on several pieces of information to ensure accuracy. In situations where less than ideal matches are, no link is provided.

Can I export search results?
You can export your search results at a page level, the first 2000 results or selected results. Exports can be done in CSV (for a spreadsheet) PDF (for printing) and DOC (for importing to MSWORD, Open Office, etc)

Can I generate a detailed report about a specific property?
Yes, in the search results click on the name of the prospect, this will open and display all the information we have available regarding a specific property.

Is clicking on a property owners name or printing a property the ONLY way to find out information about a property?
No, when you move your mouse over the person’s name a small pop-up will open, revealing additional critical information about the property.

Can I see what someone has left owing on their mortgage?
To view the mortgage information click on the Property Transaction Tab.

What is the Transitional Value?
Transitional value is a value that a certain county may use to place a value on a property. It represents the assessed value of a property during the five year phase-in of assessment changes. Applicable to all Class 4 properties and Class 2 cooperatives, condominiums and rental buildings with more than 10 units. Not applicable to assessment changes based on physical changes to the property.

What does the Current Value mean?
The Current Value is calculated by Corelogic using a sophisticated automated valuation model (AVM). Unlike the calculation for Market Value which uses only county data, the proprietary AVM for Current Value also takes into account a number of additional data elements such as area pricing trends, recent sales and listings of similar properties in the local market area, prior sales of the property, etc. Because the Current Value is calculated using this additional information it is often a better representation of the true value of a property than the listed Market Value. Current Value information is updated on a monthly basis.

AVMs are calculated using many different types of property and local market data compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources. No one piece of information or factor alone will determine a property’s value. Instead, a broad range of data elements, including:
· Property identifying information including address and/or assessor’s parcel number and owner name
· Prior sales of the property
· Living area/square footage
· Year built
· Number of bedrooms
· Number of bathrooms
· Lot size
· Public record information collected from state and county records, such as deed transfers
· Recent sales and listings of similar properties in the local market area
· Area pricing trends

What does Market Value mean?
Market value is a value that is placed on a property by the local taxing/assessment authority in the county and is what the buyer may be willing to pay and what the seller is willing to accept.

What do you mean by Assessed Value?
Assessed value is the dollar value assigned to a property for purposes of measuring applicable taxes. Assessed valuation is used to determine the value of a residence for tax purposes and takes comparable home sales and inspections into consideration. It is the price placed on a home by the corresponding government municipality to calculate property taxes. In general, this value tends to be lower than the appraisal fair market value of a property.

What does Appraised Value mean?
Appraised value is an evaluation of a property’s value based on a given point in time that is performed by a professional appraiser during the mortgage process.

What is the APN?
Assessor’s Parcel Number (APN) is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping.

Does iWave only show properties in the USA? Can one pull international properties? 
iWave only has properties that are in the US. However in saying that if you have prospects who have a home in the US but are International, you may be able to find the US property they own.

What is the difference between mortgage and deed of trust?
Mortgages and deeds of trust serve the same purpose in different ways. These mutually exclusive home-financing arrangements can be found in different states in the United States and are designed to help individuals, families and investors to purchase real property. The differences between mortgages and deeds of trust are more pronounced for lenders than borrowers.

A mortgage is a specialized home loan extended by banks to home buyers. Real estate brokerages often work directly with mortgage lenders to help their clients with financing. In a mortgage arrangement, the lender extends the full amount of the loan up front, which is then forwarded to the seller of the property. As the borrower makes payments to the lender over time, the lender retains the title to the property. The borrower, however, retains the right occupy and generally control the property throughout the life of the loan.

A deed of trust differs from a mortgage in distinct ways. Deeds of trust require three parties to the transaction at all times. One is a seller who receives regular payments from the borrower, the second is the borrower who makes the payments, and the third is a third-party trustee who holds title to the property in good faith for the other parties. When the full amount of the purchase price has been paid, the trustee transfers title to the borrower.

What about assessed values in NYC? 
There are many states and cities that use Fractional assessments which is a procedure whereby assessments are made at some uniform percentage of full or fair market value rather than at 100% thereof. You would have to know what each fraction each city/ state uses. Which sometimes can be found on the county assessor’s websites.

The transaction history noted cash, was that a cash sale and no mortgage? 
If the property is shown as a cash purchase and no further mortgage information it may mean that there is no mortgage, some county’s may not require the mortgage information to be submitted.
I’ve come across records before (often in rural areas — upstate NY, Vermont, Western MA, et cetera) where iWave gives a name, value, and state, but no address. Is this just a function of undeveloped property in a rural area, and is there any way to find out more information about that property using iWave or other tools?

This could be due to different things. If you look at the bottom under property information where it has Land Type, it will tell you if it is a vacant land. If this is a recently developed area it could mean that the county has not yet updated their system and it could possibly have a certain update schedule that it follows. Using Zillow (www.zillow.com ) or Google Earth can also give you an idea of what the lot/ property actually looks like.


A short video on using the Real Estate Tab can be viewed here.

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