What is a title search ?
A title search implies a comprehensive examination of property records in historical context,
spanning decades and multiple owners. These records include specific deeds, court records,
property indexes, and several critical documents. The search verifies that the seller has the legal
right to transfer the property ownership to a third party, and whether there are untoward claims,
defects or burdens on the said property.
spanning decades and multiple owners. These records include specific deeds, court records,
property indexes, and several critical documents. The search verifies that the seller has the legal
right to transfer the property ownership to a third party, and whether there are untoward claims,
defects or burdens on the said property.
Is the property owner aware of a search?
Title searches are performed on government records that are found only in government
departments. The title searches are generally carried out without notifying the owner/ occupant of
the property.
departments. The title searches are generally carried out without notifying the owner/ occupant of
the property.
What are the benefits of a title search?
Some users could get a title search done if they are interested in buying the said property and need
to know its history and its present status. Some users especially real estate professionals are keen to
know the property owner. Title searches also reveal title defects, liens, and restrictions, connected
to the property, which may stand as obstacles to immediate property ownership or transfer.
to know its history and its present status. Some users especially real estate professionals are keen to
know the property owner. Title searches also reveal title defects, liens, and restrictions, connected
to the property, which may stand as obstacles to immediate property ownership or transfer.
How to get a title report?
To get a title report, one has to gather relevant property information and its records, check with the
local courthouse for property deeds, strive to establish the legal chain of ownership, and locate the
actual title with the help of the county assessor. Get help from a reliable title officer if that does not
help.
Those who intend to buy the property can get the title report by themselves but it is a huge hassle
for them to understand the legalities involved.
local courthouse for property deeds, strive to establish the legal chain of ownership, and locate the
actual title with the help of the county assessor. Get help from a reliable title officer if that does not
help.
Those who intend to buy the property can get the title report by themselves but it is a huge hassle
for them to understand the legalities involved.
How long does title work take?
The turnaround time for title work differs from case to case but could take up 24 to 72 hours based
on its complexity.
on its complexity.
What’s the most important part of a title report?
The preliminary title report needs to be reviewed for the legal description, taxes, and mortgage liens thoroughly. The legal description will indicate the location, zone and its boundaries and should be revealed accurately. The property tax information should clarify if there are pending taxes owed on the said property. Any sale of the property is possible only when all taxes are settled. Mortgage liens will display the largest lien holder at the head of the list followed by the next. These are the most important parts of a title report.
How Do You Choose A Title Company?
Choosing a title search company is not quite difficult if you ask within your network or even search online. Get a few options and look for the latest customer feedback about them. Since a title report is pivotal to property sales, get a trustworthy company to do the job. Do your due diligence thoroughly.
Are property reports and title reports different ?
The property report contains current owner details only and does not reveal enough details for you to decide on the purchase of the said property. The title report on the other hand provides all the details including documentation, liens, mortgages, and judgments that help buyers make the right decision.
Can a deed serve as proof of ownership ?
No. A deed reveals transfer of ownership only and can serve as evidence of purchase of the said property rights sold by the seller. A deed does not reveal liens and claims that could involve other parties too.
