Dec 13 2007
What is Title Insurance Part 3: What is a title search?
From the “What is Title Insurance” series provided by Lori Tubbs, Chicago Title Insurance Company of Oregon.
What is a title search?
A title search describes the condition and quality of the title to the land you are buying. It is a detailed examination of the historical records concerning a property. These records include deeds, court records and many other documents. Its purpose is to verify the seller’s right to transfer ownership and to discover any claims, defects, and other rights or burdens on property. A title search may reveal unpaid taxes, unsatisfied mortgages, judgments against the seller and any unpaid special assessments. It may also reveal any restrictions limiting the use of the land, such as right of way for a road or power line, air rights or an easement for a driveway.
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