Title Commitments

A title commitment is a formal report from a title insurance company that ensures the seller holds clear ownership of a property and that there are no undisclosed issues, such as liens or claims, that could affect the buyer's ownership. It details what needs to be resolved before closing, providing reassurance to lenders and buyers that the property's title is marketable and free of problems. Essentially, it serves as a promise to issue insurance once any outstanding issues are addressed, helping protect the buyer's investment.