The title search is one of the first steps to a successful closing. When you buy or sell a home, a property title is who has the right to own the property and also the right to sell it. It may seem straight forward that the seller has the right to sell their home, but there could be hidden claims or liens on the property that the homeowner might not be aware of themselves. A title search is important for both the owner and the buyer. So what all goes into the search and examination of a property?
PUBLIC RECORDS SEARCH
A thorough title search starts with an examination of public records. This can be difficult because, depending on jurisdiction, liens and judgments on a property may be filed a number of ways. They can be filed by the name of the buyer, the name of the owner, past owners, street address, lot number, ect. Our searchers uncover more than liens and judgments, an in-depth title search will include information about mortgages, right of ways, city ordinances, taxes, and countless other issues that cause problems during the closing process.
The title searcher may examine a property and find no liens or judgments but uncover a building restriction for example, of which the buyer was unaware of.
The legwork behind issuing a title policy is rarely seen by the buyers or sellers of a property. Our title professionals work to remove any existing "issues" (judgments, liens, easements, etc.) prior to issuing a policy in order to decrease the financial risk to insure the title.
The title search not only gives peace of mind to the buyer regarding the property they're purchasing, but also helps reduce the risk of title problems arising in the future.
PUBLIC RECORDS SEARCH
A thorough title search starts with an examination of public records. This can be difficult because, depending on jurisdiction, liens and judgments on a property may be filed a number of ways. They can be filed by the name of the buyer, the name of the owner, past owners, street address, lot number, ect. Our searchers uncover more than liens and judgments, an in-depth title search will include information about mortgages, right of ways, city ordinances, taxes, and countless other issues that cause problems during the closing process.
The title searcher may examine a property and find no liens or judgments but uncover a building restriction for example, of which the buyer was unaware of.
The legwork behind issuing a title policy is rarely seen by the buyers or sellers of a property. Our title professionals work to remove any existing "issues" (judgments, liens, easements, etc.) prior to issuing a policy in order to decrease the financial risk to insure the title.
The title search not only gives peace of mind to the buyer regarding the property they're purchasing, but also helps reduce the risk of title problems arising in the future.
