What is Title Search Report?

Hey Shivyani,

Title search is a concept I came to know about when I was searching for a property. I luckily have a builder friend who always helps me out with his knowledge and experience in the real estate matters. He told me about the title search process which helps the investors have the exact knowledge of who is the legal owner of a property. He also told me about a property search report which is an outcome of a title search process. I see that you are also keen on knowing about the title report. So, I am going to share with you all that I know about it, but before that I would like to tell you what a title verification or title search is.

The term "title" in the context of real estate refers to the rights that arise from legitimate property ownership. A clear title serves as irrefutable proof of ownership. So, whenever a real estate transaction occurs, a complete title search is performed to guarantee that the title is clear and marketable, as a defective title can put you in legal and financial trouble.

The process of checking and confirming property documents in order to determine the legal ownership of the property and any faults in the title is known as title verification. Typically, a real estate attorney or a professional title search company conducts title verification, after which a report titled "Abstract of Title" or "Title Search Report" is generated based on the verification.

What is title search report?

Key-points A title verification is performed, and a Search Report is created based on the results of the title verification. In essence, title verification is a process whose outcome is succinctly recorded in a Search Report.

The Title Search Report contains a historical record of the property's title and provides an accurate legal description of the property as to how it has been transacted over time and whether there are any risks involved in the transaction that could jeopardise the property's title, so you can be confident that you are investing in a legitimate property.

These are the key things you need to keep in mind to understand a

property search report. I hope I was able to help you.

I see you wish to know what is search report of property. Let me help you with the details. Title verification is a crucial step in real estate transactions. It involves checking and verifying property documents to ascertain legal ownership and identify any defects in the property’s title. 

What is a Title Search Report?

Title refers to the rights arising from lawful ownership of property. A clear title is conclusive proof of ownership and ensures that the property has a clear and marketable title, free from encumbrances or defects.

1. Process of Title Verification:

   1. Conducted by a real estate attorney or a professional title search company.

   2. A title search is done for a specific time period (usually 12 to 30 years).

   3. The result is an “Abstract of Title” or a “Title Search Report.”

2. Purpose of Title Verification:

   1. Verify that the transferor is the real owner of the property.

   2. Ensure the property’s title is free from any encumbrances or defects.

   3. Mitigate risks in the transaction.

3. Common Components of a Title Search Report:

   1. Ownership Details: Names of previous and current owners.

   2. Encumbrances: Mortgages, liens, or other claims on the property.

   3. Legal Disputes: Any ongoing legal cases related to the property.

   4. Chain of Title: Sequence of ownership transfers.

Who Needs a Title Search Report?

• Buyers: Before purchasing property.

• Sellers: To ensure a clear title for selling.

• Lenders: For mortgage approvals.

• Investors: Before investing in real estate.

I hope this clarifies title search report meaning and who needs this report.

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