Title is ownership and ownership is bundle of rights. A title report will show who holds the title and if there are any exceptions to free and clear status. (e.g. Mortgage, tax liens, insurance liens etc). Examining and insuring the title is very important. Free and clear title is the ideal.
A report that discloses whether there are any competing claims, liens or other problems relating to a property. This must be done before title insurance is issued. Also known as a 'Preliminary Title Report' or 'Prelim.'
A document containing all information pertaining to the title's condition. The information included on this document is: mortgages, liens, easements, covenants, restrictions, and other problems that may be seen.
a check of public records to be sure that the seller is the recognized owner of the real estate and that there are no unsettled liens or other claims against the property. (See also Chain of Title)
A report which discloses condition of the title, made by title company preliminary to issuance of title insurance policy.
Document indicating the current state of title, including ownership, outstanding deeds of trust or mortgage, liens, easements, covenants, restrictions, and defects.
A report issued by a title company which discloses the condition of the title to a specific parcel of land.
A document showing current liens against the property and any encumbrances or easements.
(See "Preliminary Report.")
A report that discloses whether there are any competing claims, liens (charges) or other ownership issues relating to the security address. This is done before title insurance is issued. Also known as a 'Preliminary Title Report'.
A document indicating the current state of title. The report includes information on the current ownership, outstanding deeds of trust or mortgages, liens, easements, convenants, restrictions, and any defects.
A document indicating the current state of the title, such as easements, covenants, liens and any defects. The title report does not describe the chain of title.
A report that reveals any competing claims, liens, or other problems relating to a property. A title report is required before title insurance will be issued. Also known as a "Preliminary Title Report" or "Prelim."
A report which discloses the condition of the title to a parcel of real property, made by a title company prior to issuance of title insurance.
A report produced by a title company disclosing the condition of the title prior to issuing a title insurance policy.