Title Searches
A 60 year or full search is normally required when a property is being sold and the title is being insured.
The chain of title of is traced back 60 years. Most restrictions and easements on a property will be reflected on this type of search.
What is a Real Estate Title Search?
A real estate title search is an investigation into the legal ownership history of a property. It is essential for anyone buying or selling property to ensure that the seller has the legal right to sell the property and that there are no hidden claims or encumbrances on the title.
A title search will typically look for the following:
- The current legal owner of the property
- Any past owners of the property
- Any mortgages, liens, or judgments against the property
- Any unpaid taxes or other debts that could attach to the property
- Any restrictions on the use of the property, such as zoning laws or easements
Title searches are usually conducted by licensed professional title searchers, also known as title abstractors. They will examine public records, such as deeds, mortgages, and court records, to gather information about the property’s history.
Why is a title search important?
A title search is important because it can help to protect you from buying a property that has hidden problems. If there are any problems with the title, you could end up losing the property or having to pay to fix the problems.