Title Search Report

A Title Search Report is a crucial document in real estate transactions that provides a detailed history of a property’s ownership and legal status. Key aspects include:

1. Comprehensive review of public records related to the property

2. Identifies current and previous owners

3. Reveals any existing liens, encumbrances, or claims on the property

4. Uncovers potential title defects or ownership disputes

5. Lists easements, restrictions, or covenants affecting the property

6. Typically prepared by title companies or attorneys

This report is essential for buyers, sellers, and lenders to ensure a clear title and identify any potential issues before a property transaction. It helps prevent future legal complications and protects the buyer’s investment. While not infallible, a thorough title search significantly reduces the risk of unforeseen claims on the property. Most lenders require a title search before approving a mortgage, and it’s often used in conjunction with title insurance for added protection.