A title search is a review of public records related to a property's ownership history. It helps identify issues that may affect the transfer of ownership or the lender's interest in the property.
Why title searches matter
Before a property changes hands or a mortgage is finalized, the parties involved need to confirm that the seller has the right to transfer the property and that there are no unexpected liens, claims, or ownership issues.
What a title search may uncover
- Existing mortgages
- Tax liens
- Judgment liens
- Ownership disputes
- Easements
- Recording errors
- Unreleased prior liens
- Restrictions or covenants
Buying a home and reviewing your financing options?
Title search vs. title insurance
A title search looks for potential issues before closing. Title insurance may provide protection against certain title problems discovered after closing, subject to policy terms and exclusions.
Why lenders care about title
A lender usually wants to confirm that its lien position is protected. Title issues can delay closing or require resolution before the transaction can move forward.