Title Search
A title search is a process used to verify the ownership of a property and to check for any claims or legal issues related to it. This involves examining public records, such as deeds and mortgages, to ensure the seller has the legal right to sell the property and to identify any liens, easements, or other restrictions that may affect it. The goal is to provide buyers and lenders with confidence that the title is clear, meaning they can own the property without unexpected legal complications. Title searches are often conducted before closing a real estate transaction.
Additional Insights
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A title search is the process of examining public records to verify the legal ownership of a property. It involves checking for any claims, liens, or disputes related to the property, ensuring that the seller has the right to sell it. This search helps protect buyers from potential legal issues and confirms that the property is free of encumbrances. It is a crucial step in real estate transactions, typically conducted before closing, to ensure that the buyer receives clear and marketable title to the property.