Title search report

A title search report is crucial component of due diligence in real estate transactions. It provides detailed information about the history and legal status of a property's title and avoids litigation:

1. Property Ownership: The report will list the current owner(s) of the property as per the official land records. It will also detail any previous owners and the dates of ownership transfers.

2. Title Chain: A title search traces the chain of ownership of the property back to its original owner. It identifies all the previous owners and any transfers or conveyances that occurred over time.

3. Encumbrances: The report will highlight any encumbrances or liens on the property, such as mortgages, easements, leases, or other legal claims. These encumbrances may affect the property's marketability or the buyer's rights.

4. Deeds and Documents: It will include copies of relevant deeds, conveyances, and legal documents that affect the property's title. These documents provide evidence of ownership and any restrictions or covenants attached to the property.

5. Judgment and Lien Searches: The report may include searches of court records to identify any judgments, lawsuits, or liens filed against the property or its owners. These can affect the property's title and the buyer's interest in it.

6. Tax Status: It will provide information on the property's tax status, including any outstanding property taxes or tax liens that need to be addressed before the sale can proceed.

7. Survey and Zoning: Depending on the jurisdiction, the report may include information on the property's boundaries, survey maps, and zoning regulations. This helps verify the property's physical dimensions and its compliance with local land use laws.

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