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 ?
TrackerPro's agency customers, who perform title searches in New York, are now equipped to automatically order and receive title data and municipal reports directly from RedVision.
The title searches will determine if there are issues with restricted uses in filed covenants and restrictions, issues with the current certificates of occupancy and the allowed uses in the neighborhood or landmark covenants that do not allow for the uses that would make the property financially viable for the developer.
With 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.
or electronic form or both, a list of parcels of real property for which title searches are required.
RedVision is the fastest growing provider of title searches and real property research solutions in the nation.
The bill clarifies definitions within the title insurance law and provides that "primary title services" do not include closing services or title searches, for which a separate charge may be made and repeals the authority for the Financial Services Commission to establish limitations on related title services charges by rule.
TitleVest will offer title searches, judgment and lien searches, open mortgage searches, bankruptcy and foreclosure searches, and will prepare real estate transfer documents--all on a pro bono basis.
The cuts were on the origination side of Countrywide Home Loans and Full Spectrum Lending and at LandSafe, a wholly-owned subsidiary that does applications, title searches and credit reporting, said company spokesman Rick Simon.
Through Data Trace, Hawaii title companies can now perform fully automated title searches.
Such issues include title searches, financing, insurance, taxes and a complete assembly of all closing documents.
The work to be performed by the selected consultant will consist of, but not be limited to, completing title searches, obtaining
com, the title searches are more often showing some common title errors.