Title searches are a vital part of the process of buying a piece of real estate. When you buy a piece of property, a title search will be performed in order to check out the interests in the property. This process is typically done by a title company, but it could be potentially completed by anyone. Here are the basics of title searches.

Title Search

When an individual is about to buy a piece of property, they will typically work with a title company to run a title search on the subject property. The title company will go back and look at the records of the property. By doing this, the title company can gain a great deal of information. They try to look at all of the owners of the property from the time that it was originally granted. During this process, the title company attempts to get information about three different areas pertaining to the property.

Saleable Interest

The first piece of information that the tile company tries to obtain is whether the owner of the property has a saleable interest in it. This means they want to determine if the person that is trying to sell the property actually has the right to sell it in the first place. 


The next area that the title search attempts to shed some light on is the number and type of restrictions that are associated with this piece of property. The property could have some type of restrictions on the use of the land, such as an easement or a real covenant. If this is the case, the new buyer of the property will want to know this information before making a decision.


Another vital piece of information that will be discovered with the help of a title search is the existence of liens on the property. A piece of property could potentially have liens against it that will have to be repaid when the property is sold. Ideally, you would like to find a piece of property that is unencumbered by restrictions or liens.

Public Records

All of the information that you need about a piece of property is part of the public records. This means that you could potentially go into the local records office and get all of the information that you need yourself. However, this does not necessarily mean that it will be an easy process to complete. This is why most people turn the job over to a title company so that they can handle all of the complicated work for them. Title companies are very experienced at finding the necessary information and completing an abstract of title.

Title Insurance

Once the title company does a title search, they can offer you title insurance. This is a product that guarantees the title of a property when you purchase it. If it is later discovered that there are some claims to a property, the tile company will reimburse you for the money that you lost in the transaction.

blog comments powered by Disqus