Comprehensive asset search software
Assets are often important in many different legal battles. For example, if you’re working in collections, you need to perform a thorough asset investigation on an individual so you know what you can collect on. If you’re thinking about going into business with someone or you’re handling contract disputes, you may want to perform an asset search to learn about whether a person has any judgments or liens on their current assets for business due diligence. Or, you may need to uncover assets for legal research. Regardless of why you need it, comprehensive asset investigation can be extremely important and incredibly useful. Here’s how a thorough asset check in a public and private records database can help you in various different situations.
Asset search to expose someone’s hidden assets
There are many different scenarios in which someone may want to hide their assets, particularly in legal proceedings. In family law, especially in a situation like a divorce where a couple may need to split assets 50/50, it’s not uncommon for the more well-off spouse to try and hide some of their assets or property so they don’t have to split them with the other spouse. You may also deal with difficult-to-find or hidden assets in estate planning and probate law. In these situations, you need to be able to expose an individual’s assets and bring them to the table so you can deal with them legally, and asset search companies can help you do this.
- Someone may hide their assets in a legal proceeding in order to try to get a more favorable settlement and have to give less to their spouse or partner.
- If you just take an individual’s word about the assets that they own, you may end up with an unfair and unbalanced agreement.
- If you use a people search engine to search for the other party’s assets and real property records, you’ll be able to uncover all assets, not just ones each person makes easily available.
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Asset search companies and services make collections easier
An important part of collections is understanding more about someone’s assets, like personal property, in order to determine the best strategy for collection. If you’re legally allowed to collect on an aircraft, for example, you may need to learn more about that aircraft before you can collect it. That may include information about the aircraft’s specs, but it may also include information about the name and address of the person it’s registered to. Whether you’re collecting on an aircraft or on something much smaller, a people search engine can help you do it.
- Collection agencies need to get a lot of information about people’s assets in a very short amount of time to determine how to best collect on an individual.
- If you don’t have a lot of information about an asset, you need to have a method of obtaining that information so you can make informed decisions.
- An asset search in public and private records search engine can give you the detailed information you need for collections.
Fulfill your due diligence with asset search investigations
In a business, you have certain requirements that you need to meet if you want to keep yourself and your customers safe. Doing your due diligence is an important part of these requirements. Businesses and financial services need to make sure they’re investing in, hiring, and doing business with safe individuals. Whether it’s legally mandated or just for risk management, it’s important that you know your business partners are being upfront about their situation, which may mean you need to search their assets with a corporate asset search.
- Due diligence describes the processes you use to shield yourself from potential legal troubles in the future.
- Part of due diligence is verifying the information that people who work with you give to you and your organization.
- With a public and private records database, you’re able to get that information, like comprehensive asset records, from a reputable source.
Use an asset search to perform a skip trace and find someone’s current and past locations
One of the more difficult things that many licensed investigators need to do in their jobs is skip tracing. If you’re trying to track down the alleged perpetrator of a crime or you want to find someone who’s running away from their debts, you might need to use skip tracing procedures to find that individual. One method of skip tracing that can be very successful is using the addresses assigned to someone’s assets. A quality public and private records search engine can help you skip trace assets and even do batch skip tracing if you need to track down large amounts of assets quickly.
- Uncovering someone’s location is one of the most important parts of many investigations.
- It can be difficult to track down people if they’re on the run, and you may need to use alternative methods other than just a traditional person search by address.
- The right skip tracing software provides you with alternative skip tracing methods, like asset search, to help you get the information you need to track down and uncover more about a difficult-to-find individual.
Comprehensive, easy asset search online
Uncovering details about assets can be difficult — that’s why so many people, from law enforcement to government agencies, use Tracers for their searches. With Tracers, you can get in-depth information about someone’s assets with an asset check, including information that isn’t even available through most public records. And with multiple methods of searching, like batch processing and API, Tracers makes it easy for you to perform asset searches on the people you’re trying to learn more about so you can get the maximum amount of information with a minimum amount of effort.
What is an asset search?
An asset search, also known as an asset analysis or asset investigation, is performed by searching public and private records to confirm information such as the asset owner, the history of the asset, business due diligence, or someone’s current and past location.
Who can do an asset search?
An asset search can be performed by anyone who has access to a public records or a public and private records search engine. Attorneys, private investigators, business consultants, government agencies, and law enforcement are all examples of people who can do an asset search.
What does an asset search reveal?
An asset search can reveal a number of things, such as the ability to expose someone’s hidden assets, or a property or asset report. An asset search service can also reveal someone’s current and past locations. One method of skip tracing is using the addresses assigned to someone that can be revealed with an asset search. An asset search can even show if someone has any judgments or liens on their current assets.