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 ?
Until now the only way to get a Preliminary Title Report, was through a Title Company, which will not issue a Preliminary Title report for Legal use.
The title report will raise any Lis Pendens of record against the property, which must be canceled once the lender receives the negotiated payoff funds.
The site's homepage welcomes visitors with bold images, a clean uncluttered design, and content centered on RedVision's mission to provide quality title reports and advanced real property research solutions.
Other County departments may require some Title Reports
Judgments against former owners who transferred title without consideration should be taken into account when listed in the title report.
The first seminar, Introduction to Title Insurance, illustrates its usefulness in real estate transactions, how it differs from other forms of insurance and will include the examination of a model title report and address clearance issues that must be resolved in order to proceed to closing.
The National Settlement Services Summit is being produced by October Research Corporation, publisher of leading title industry newsletter The Title Report.
Additionally, FirstClose provides more progressive services, including alternatives to title report products such as Equiguard, Mortgage Loan Reports, and Fidelity's HELP and AQUA products.
With NextAce's Title EDGE(SM) "software as a service" (SaaS) offering, FNT's five leading title insurance underwriters -- Fidelity National Title, Chicago Title, Ticor Title, Security Union Title and Alamo Title -- will be able to reduce the time to deliver a title report from approximately 48 hours to as little as one hour.
Technology and the Internet are transforming the data searching and title report generation process.
After the publisher made a deal with the buyer, the attorney discovered the title report indicated some permits were open and numerous illegal additions and alterations had been made.
Sponsored by The Title Report, the most widely read news source in the land title industry, and produced by October Studies, a division of October Research Corporation, the comprehensive landmark study explores the decision-making of today's independent title agents as well as their business practices, relationships, technology needs and usages.