What might a title search uncover?

A title search is a critical step in the real estate transaction process, and it primarily reveals information regarding the legal status of a property. One of the key findings of a title search includes liens, mortgages, easements, and claims against the property.

Liens might be registered to secure debts, such as unpaid property taxes or contractor bills, and can affect the transferability of the property. Mortgages provide an indication of the existing financial interests in the property. Easements are agreements that allow others to use part of the property for specific purposes, which can impact how the property is utilized and what rights the current owner has. Additionally, claims against the property, which may arise from disputes or other legal matters, can also be uncovered during a title search, providing critical insight into potential issues that could affect ownership or value.

The findings from a title search are essential for buyers and sellers as they help clarify the property's legal standing and any restrictions or obligations that may come with it. Understanding this information enables parties to make informed decisions regarding their investments and legal responsibilities related to the property.