Title commitment

A Title Commitment is an important document in real estate transactions. It outlines the terms under which a title insurance company will insure the ownership of a property. The document details who owns the property, any liens or claims against it, and any conditions that must be met before the insurance policy is issued. Essentially, it assures buyers and lenders that the property title is clear and free from unresolved issues, protecting them from potential legal claims in the future. It is a crucial step for ensuring a smooth property transfer.