Title Search

Title Search is the process of reviewing public records to determine the legal ownership of a property and uncover any potential issues or claims that could impact the property’s ownership rights. It is an essential step in real estate transactions to ensure that the property being bought or sold has a clear and marketable title.

Understanding Title Search

During a title search, various public records are examined, including deeds, mortgages, tax records, court records, and other relevant documents. The goal is to trace the history of the property’s ownership and identify any potential problems such as outstanding liens, judgments, easements, or other encumbrances that could affect the transfer of ownership.

Who Conducts Title Search

The title search is typically performed by a title company, attorney, or a professional known as a title examiner. Once the search is complete, they generate a title report or abstract, which provides a summary of the findings. This report is crucial for buyers and lenders as it allows them to make informed decisions about the property and take necessary steps to resolve any issues before completing the transaction.

With a thorough title search, buyers ensure acquiring a property with a clear title, without undisclosed claims or encumbrances. Additionally, lenders require title searches and title insurance to protect their financial interests in the property.

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