What is the purpose of a title search?

The purpose of a title search is to verify the legal ownership of a property and identify any liens or encumbrances. This process is essential in real estate transactions, as it ensures that the seller has the legal right to transfer ownership and that there are no claims against the property that could affect the buyer's ownership rights. Conducting a title search helps to uncover any potential issues, such as unpaid taxes, mortgages, or other legal discrepancies, allowing all parties involved to address those concerns before finalizing the sale.

Understanding the legal standing of a property and ensuring clear title is critical for both buyers and sellers in the real estate market. A clean title provides peace of mind to the buyer, ensuring that they are making a sound investment, free of unexpected financial and legal responsibilities tied to the previous owners.