examination of title

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Examination of Title

In real estate, research done to investigate the legitimacy of a title. An examination of title is done before the sale of property to ensure that there are no competing claims for the same property. An examination of title looks into only recent history and does not trace the property back to its source. For that reason, its findings may not be as accurate as a full title search, which tracks the property back to its beginnings or a statutory date.
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examination of title

The process of investigating title to real estate, usually confined to recent records.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Among these are the buying and selling of real estate, with all the associated necessities such as the drafting of purchase and sale agreements, checking contracts, title examinations and reviewing lease agreements.
For example, the costs of land surveys, appraisals, title examinations, termite inspections, transfer taxes, and recording fees are transactional expenses," While the payment of transactional expenses out of proceeds will not disqualify an exchange, payment of such items may generate boot resulting in the recognition of some taxable gain.
DataQuick's title offerings now include nationwide escrow, title examinations, commitment and closing services; document preparation and recording services; and expedited ordering, processing and deliv-ery--all backed by local practice and regulation expertise.
Following the takeover, it also offers nationwide escrow, Title examinations, commitment and closing as well as document preparation and recording services with expedited ordering, processing and delivery.
Sample topics include researching deeds, deciphering mortgage clauses, and conducting title examinations. Each chapter contains one relevant annotated sample document, as well as a case excerpt and review questions.
Only a few jurisdictions presently require title examinations as part of the tax foreclosure process, but a large number are finding it necessary to define with increasing specificity the scope of records to be examined in order to identify the parties.
It further held that the homes are capital assets to the taxpayer and that amounts paid by the taxpayer to the relos for such items as mortgage payments, broker's commissions, title examinations, and transfer taxes are nondeductible capital expenditures that must be added to the bases of the homes.