Title Search Legal Meaning and Definition
Here is a simplified definition of the legal term Title Search.
Title Search (noun):
A thorough process that aims to review public records for a specific property to confirm the legal ownership and uncover any possible liens, easements, mortgages, or other issues that could affect the property's title. This extensive examination is usually performed by a title company or an attorney to ensure that the property is free from claims or disputes before its sale or purchase. Details such as current ownership, history of transactions, legal claims, and any potential problems relating to the property are obtained and examined during this search. This information is critical for prospective buyers and title insurance companies to mitigate possible risks.