What does the attorney do with the Title Search information?
The attorney evaluates and analyzes the data from the title search in order to determine what actions must be taken to provide the purchaser with clear title. If there are any liens, unpaid or uncancelled mortgages or back taxes due, then all these must be satisfied. Many times this will involve obtaining payoffs of liens or taxes and cancellations of paid mortgages to allow the closing to take place. The attorney next analyzes any exceptions to the title. These may be utility easements, prior mineral reservations or subdivision covenants and/or building restrictions that are permanent restrictions on the property title. He then determines, after advising the interested parties, if the purchaser and/or his lender will be able to live with these exceptions.
