A: The Title App is a revolutionary platform that uses AI and blockchain technology to make title more secure and property and asset transfer faster and more affordable. With Title App, you can benefit from title security monitoring services, place title records on the global blockchain network, claim digital property rights, and make your property, car, boat or plane more attractive to prospective buyers.
Q: How many assets has Title App placed on the blockchain?
A: Title App is in the process of minting all real estate, automotive, boat and aircraft records in the United States onto the blockchain and the monitoring their status in real time. When complete, Title App will be have move title records onto the blockchain for approximately:
150 million US residences
6 million commercial properties
640 million acres of US Government Lands
300 million automobiles
12 million boats
Once the property register for the US is complete, Title App plans to move similar registers for most EU countries, India and all countries over the coming years.
Title App aspires to do for title what Google Maps did for mapping.
Q: What are the benefits of using the Title App?
A: The Title App provides a more secure and efficient way to transfer titles, with the added benefits of being immutable and distributed. This means that the ledger cannot be corrupted or tampered with, and that it is accessible to anyone with an internet connection.
Q: How much does it cost?
A: Title App is building up our data network and will make a variety of plans and services available in Q3 2024.
Q: Where can I learn more about the Title App project?
A: Title App was created by the HOM DAO Foundation. Our project team consists of experienced developers, attorneys, real estate executives, and marketing team members. You can learn about them on the project team bios in the Title App Gitbook.
Q: What is a distributed ledger?
A: A distributed ledger is a type of database that is spread out across a network of computers. This makes it more secure and accessible than a centralized ledger, as there is no single point of failure.
Q: What makes the Title App different from other title transfer methods?
A: The Title App uses AI and blockchain technology to create a more secure, efficient, and accessible way to transfer property titles. This sets it apart from traditional title transfer methods, which can be slow and prone to errors. While the Title App is only used for private transactions at this time, we anticipate that more governments will start using our technology to increase the speed, efficiency and reduce the cost of title activities.
Q: Why does the Title App require my identification and a facial recognition scan?
A: The Title App requires this information to ensure that you are the rightful owner of the property or asset and to maintain the highest level of security for your digital assets.
Q: Is the Title App secure?
A: Yes, the Title App is incredibly secure due to its use of AI and blockchain technology. The ledger is immutable and distributed, meaning that it cannot be corrupted or tampered with.
Questions about your title reports delivered by the Title App software.
Q: Why does a preliminary title report from Title App sometimes lack information on recent liens or ownership transfers?
A: At Title App, our preliminary title reports are based on the available records at the time of preparation. However, it's important to note that recent liens or ownership transfers may not have been fully processed or recorded in the public records at the time the report was generated. Depending on where you live it can take up to 12 months for liens or title transfers to be updated. That's why we're hoping more governments start using the title app so modifications can be done immediately.
Q: How can I obtain updated information on liens or ownership transfers if they are missing from the preliminary title report from Title App?
A: If you find that the preliminary title report from Title App doesn't include the most recent information, we recommend contacting your real estate attorney, reaching out to a title office, or going directly to your local government title office to research the matter.
Q: Can Title App be held responsible for any inaccuracies or omissions in the preliminary title report?
A: As a software company, Title App is committed to providing accurate and reliable reports based on the available data. However, it's important to remember that the preliminary title report is based on public records, and Title App can only report on what those recrods currently contain. For specific concerns about your property, consulting an attorney is recommended.
Please note that the information provided in this FAQ is for general guidance, and it's always advisable to consult professionals and legal experts for personalized advice related to title reports and real estate matters. As part of using the Title App service you release the software and company from any claims related to title or real estate transactions.