Real Estate Term::Title searchReal Estate Term:Title search
A title search is an action taken prior to the sale of real property to determine whether there are any liens or other encumbrances on the property which might prevent or delay the sale of the property.
Generally, the search is performed to determine if 1) the seller has a saleable interest in the property and 2) any liens exist on the property which need to be paid off at closing (mortgages, back taxes, mechanic's liens, or other assessments).
Usually, the buyer of a property will purchase title insurance, which protects the buyer from any title problems that may arise after sale (such as liens that were missed during the search).
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