What is the purpose of a title search?

The purpose of a title search is specifically to locate or condense facts about the title or related documents. This process involves reviewing public records and legal documents to verify the ownership of a property, check for any liens, easements, encumbrances, or other claims against the property. By conducting a title search, a buyer or investor can ensure that the property title is clear and free from disputes, which is crucial prior to completing a real estate transaction.

Understanding the status of a title helps protect buyers and lenders from potential legal issues that could arise if claims were made against the property after the purchase. This verification process is fundamental in real estate transactions as it underpins the legitimacy of ownership and helps facilitate smooth transfers of property.