Title Commitment Document

A Title Commitment Document is an official report from a title insurance company that outlines the current status of a property's ownership and any conditions that must be addressed before purchase. It specifies details such as the legal owner, existing liens, encumbrances, and restrictions. Essentially, it acts as a promise to provide title insurance if certain conditions are met, ensuring the buyer understands what rights and burdens come with the property. It helps identify potential issues that need resolving to ensure clear ownership transfer during the closing process.