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 ?
They provide appraisals, collateral assessments, credit reports, title searches, flood determinations, loan processing and property inspections.
All title searches will be performed under the direct supervision of an attorney in good standing and licensed to practice law in the state of South Carolina, so that the Consultant will not be engaged in the unauthorized practice of law or otherwise operating in a manner inconsistent with state or federal statutory or decisional law.
or electronic form or both, a list of parcels of real property for which title searches are required.
Our Closing Market integration provides a hassle-free, efficient way for RamQuest customers to order our title searches, stated Brian Fullerton, Senior Vice President of PropertyInfo.
Before a policy is issued, a trained title agent examines the history of a property contained in public records where problems turn up in one out of every three title searches.
With more than 8,000 offices throughout the United States, ALTA members conduct title searches, examinations, closings, and issue title insurance that protects real property owners and mortgage lenders against losses from defects in titles.
Governments would be required to invest substantial upfront costs to: hire experienced and trained staff in every county to conduct title searches, resolve title issues and underwrite title risks; establish operations and systems; and hold money that could otherwise be used for other budget priorities to meet the requirements of an extensive regulatory framework which requires substantial capital and reserve holdings, statutory premium reserves and investment restrictions to protect insurer solvency and prevent consumer loss.
Stewart has advised those agents not to prepare title searches, title examinations, title reports and/or certificates of abstract of title where a Stewart title insurance policy is being issued on property located in California.
The application provides efficiently managed title searches from a broader variety of data sources, both public and private.
HOUSTON -- Houston-area title companies and attorneys - and their home-seller and buyer customers - will benefit from a new feature offering automated title searches online.
The Fulfillment Services Division of Fiserv Lending Solutions delivers a comprehensive suite of innovative solutions for lenders from AVMs to traditional title searches.
Michael specializes in courthouse activities such as title searches and ownership determinations.