What is a Title Search?
Answer:
Prior to the sale of a property, a title search must be preformed to ensure that the new owner has the legal right to buy and sell the property.
A title company conducts title searches, and they examine all public records with the purpose of determining legal ownership. This thorough check also determines any liens against the property and names of previous owners. Back taxes and other liens affect the sale of a property. Before a buyer can take ownership of the property, all liens must be paid at closing.

A title search is also advantageous to new owners because a previous owner may have given relative or neighbor legal rights to the property. Without a title search, a buyer might purchase the property unknowingly, and the person with legal rights could make a claim on the property or challenge the title. A title search also informs the new owners of their city's legal right to strip the property for road constructions and other projects. There are two types of title searches. A full coverage search is necessary for resale and new construction transactions. This report reveals any property liens, easements, liens against the previous owner, liens against the buyer, and bankruptcy proceedings against the owner. A limited coverage title search is obligatory with home refinances, and this report reveals property liens, liens against the owner, and bankruptcy proceedings against the owner.
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