Title search

An examination of public records to disclose the past and current facts regarding the ownership of a given piece of real estate.

There are two different types of policies. The first type covers the lender. The second type is an owners policy. Make sure and ask if you are getting an owners policy, without it only the lender is covered.

The title search allows the lender to see the history of the property for a specific amount of time. Listed in the title search will be tax information, lien information, ownership history, and any easements that may exist.

Your broker can initiate a title search for you. The broker will simply contact the title company and order one.

A title search will list any liens on a property including any mortgage(s) and any other judgements, or tax liens that may be on the property.

The title insurance will be issued and it will protect you against any future claims or lawsuits on the property from any of the prior owners. Any past liens or judgments that are filed or were not found you are now protected against.