Define: Examination Of Title

Examination of title refers to the process of reviewing and verifying the ownership history and legal status of a property’s title. This examination is typically conducted by a title examiner or attorney to ensure that the seller has clear and marketable title to the property and that there are no encumbrances, liens, or defects that could affect the buyer’s ownership rights. The examination involves reviewing public records, such as deeds, mortgages, liens, and easements, as well as conducting searches for judgments, tax liens, and other potential claims against the property. The goal of the examination of title is to identify any issues or concerns that may affect the buyer’s ability to obtain clear title to the property and to address these issues before the sale is completed. This process is a crucial step in real estate transactions to protect the interests of both buyers and sellers and to ensure a smooth and legally sound transfer of ownership.

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This glossary post was last updated: 29th March, 2024.