Title reports are essential for property transactions as they provide important information about liens, encumbrances, and legal obstacles. They help ensure a smooth transfer of property ownership and prevent unexpected financial burdens. Reputable title companies conduct thorough investigations by reviewing public records and legal documents. A clean title report gives confidence to buyers and helps them understand any limitations or obligations related to the property. Title insurance is also important and its cost can vary based on factors such as location, purchase price, and policy type.
Takeaways
Chapters
00:00 The Importance of Title Reports
02:12 Thorough Investigations by Title Companies
02:39 The Significance of a Clean Title Report
03:50 Uncovering Other Legal Matters
04:19 The Cost of Title Searches and Insurance
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