title search

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Title Search

In real estate, research done to trace a title back to its original owner or back to some date dictated by statute. A title search is done before the sale of property to ensure that there are no competing claims for the same property. A title search protects the mortgage lender from the possibility that that a competing claim will be honored in court, resulting in a loss. See also: Clean Deed, Quitclaim Deed, Title Insurance.

Title search.

A title search is an examination of property records by a title company or attorney to ensure that the person from whom you are buying a piece of property is its legal owner, and that there are no outstanding legal claims against the property.

Your lender will require you to pay for a title search before the closing, or settlement, on your new home.

The title search consists of a close examination of public records, such as deeds, wills, court judgments, and trusts, to make sure that the seller has the right to sell the property to you and that all prior mortgages, liens, and judgments have been settled.

Sometimes the title search uncovers pending legal actions, undisclosed easements, or even claims on the property by heirs to prior owners. Since title examiners might miss problems and public records can contain errors, most lenders will require you to purchase title insurance at closing to protect their interest in the property.

title search

A review of all recorded documents that affect title to a particular piece of real property. Ideally, a title search should proceed all the way backward to the original patent (deed) out of the government into the first private owner, or to the root deed, which is the first deed before a statutorily enacted cutoff date for claims.

References in periodicals archive ?
Notes: Any questions or requests for additional information regarding this RFP must be in writing via mail, fax, or email, directed to the person designated below and received no later than three (3) business days prior to the submission deadline, David Kenny, Fax: 914-937-3169, Email inquiries must include the subject line "RFP # 2015-09-Land Records and Title Search Services: Fox Island Peninsula" and can be sent to dkenny@portchesterny.
We are thrilled to work with Xactware and be able to offer our insurance clients the ability to order and receive their title search reports through the Xactware interface,” said David Mitchell, Corporate Account Manager at AFX.
This next-generation title search technology will allow oil drillers to get to mineral assets and oil reserves more quickly and cheaply, beating rival companies to the assets in a fraction of the time - and at a fraction of the cost.
While the title search discount is discretionary in New Hampshire, O'Brien said, he argued that by offering the discount to some consumers, the others were entitled as well.
You take a finite contract, and work out how much it costs to do a title search, and eventually what happens is that you end up with about 50% to 70% of the premium that is unaccounted for, because there is nothing that is called commissions.
The title abstracting services are limited to (1) performing a title search of aircraft records and (2) reporting factual information on the ownership history of the relevant aircraft and the existence of liens and encumbrances affecting title to the aircraft.
Intermediary A, the mortgage broker or title search company, controls the selection of the insurance policy by customer C, the home and mortgage buyer, sold by vendor B, the mortgage insurer.
A title search that costs $75 is billed at $175, and sometimes much more, with another $1000 piled on for title insurance.
A title search revealed the lien when the wife attempted to sell the property.
After doing an Abstract Text search, it might help to scan through an Abstract Title search as well, to spot anything important which is missing.
Only an owner's policy fully protects the buyer should a covered title problem arise that was not found during a title search, including ownership challenges.
Tenders are invited for Port Chester Railroad Station Title Search Services