PPRS Search in Newfoundland
BUYING A NEW-TO-YOU VEHICLE, TRAILER, BOAT OR AIRCRAFT?
Are you looking to purchase previously owned property? Protect your investment with a Newfoundland PPRS Search!
WHAT IS A LIEN/PPRS SEARCH?
A Lien Search or PPRS Search provides information about valuables that have any outstanding loans on them. These valuables include any goods with serial numbers, including motor vehicles, mobile homes, trailers, boats and aircraft.
A lien is defined as the legal interest that a creditor or financial institution has in a piece of property that is in effect until the loan is paid off.
WHY DO I NEED TO CONDUCT A LIEN SEARCH?
A Lien search will inform you if an item you are about to purchase has any outstanding loans with a creditor or financial institution.
If you were to purchase a car, for example, without having conducted a Lien search, and the seller has defaulted on their loan, the bank could repossess the vehicle, even after you have purchased it.
We can search for existing liens in any province with an individual’s name, a business name or serial number.
