What is a title search?
• Before the Title is transferred, the Buyer or his agent must go to the record room at the land records office of the county or city in which your property is located and examine the history of the Title to your property. The land records are usually located at the courthouse for your county or city. This search encompasses the entire history of ownership of a piece of real estate.
A title search is a procedure performed when a parcel of property is being transferred to new ownership, through either a sale or inheritance. The purpose of this report is to investigate the history of the property through relevant records for any variances or irregularities associated with the property. The resulting report filed from a title search is called an Abstract or an Abstract of Title. It precludes a Deed and is one of the processes that real estate law requires when transferring ownership. The mortgage company also requires it before any loan can be approved. A Real Estate Attorney, a Title Abstractor or many Real Estate Brokers are qualified to do a title search. It involves researching the deed records of the specific property. Most title searches are now available online, depending on the county and state. During the escrow period of buying a property, a Title Company will be assigned to investigate the history of the property. If you are planning to get a mortgage to p
You’ve decided to purchase a home and hope to take possession as soon as possible. The terms have been agreed upon and all the financial arrangements have been made. There’s one important detail remaining, before the transaction can close, a title search must be conducted. The most accurate description of title is a bundle of rights in real property. A title search is the process of determining from the public record just what these rights are and who owns them. A title search is a means of determining that the person who is selling the property really has the right to sell it and that the buyer is getting all the rights to the property (title) that he or she is paying for. In most real estate transactions today, a title insurance policy is purchased to assure the buyer that he or she has purchased a valid title. In those transactions where title insurance is involved, the title company must determine insurability of the title as part of the search process. This leads to the issuance o
A title search is a detailed examination of the historical records concerning a property. These records include deeds, court records, property and name indexes, and many other documents. The purpose of the search is to verify the seller’s right to transfer ownership, and to discover any claims, defects and other rights or burdens on the property. First, a service known as a title search describes the condition and quality of the title to the land you are buying. Then, your title insurance protects you against mistakes or threats that might otherwise result in financial loss to you, including those hidden, unknown items. Your title insurance protection is a permanent assurance that your ownership and use will be defended promptly against claims at no cost to you, whether the claim is valid or not.
