‘Title search’ quickly defined
With buying a piece of property, comes a long list of new terms that the average home buyer may not be familiar with. New terms can cause confusion and confusion can lead to frustration.
Don’t let investing in real estate or buying your first home become a frustration.
‘TITLE SEARCH’ DEFINED
When you make an offer to buy a piece of real estate, you want to make sure that the person selling the property is really the rightful owner. To protect yourself, you could research or investigate who holds the title to the property. This is simply called a ‘title search.’
A title search is performed before a property changes hands.
The person / company researching the title for you will follow the chain of title (ownership) back about fifty years, tracing the ownership through deeds recorded in public records.
The searcher also checks to make sure that previously recorded mortgages and other liens have been released (paid in full). This keeps you from buying a piece of property with a long list of liens or problems attached to it.
A title insurance policy is based upon the title search.
Fresno real estate consultant, Joseph Hollak, can help you navigate the maze of buying your next Fresno home. Call and schedule an initial consultation and see if you two will work well together.
(599) 399-0004
