Title companies specialize in title, which denotes the legal right to ownership and transfer of real estate. They assess ownership rights, liens, encumbrances, and the legal description of properties. Ownership rights include the rights to occupy, sell, or lease a property. Liens and encumbrances are claims against a property that may affect ownership. Title companies conduct thorough public record searches to verify legal ownership and ensure titles are clear of claims that could compromise a new owner or lienholder.
A title company is a company that specializes in "title". In real estate, "title" refers to the legal right to own, use, and transfer real property.
Title represents the legal ownership of the property and takes into consideration ownership rights, liens and encumbrances, and the legal description of the property.
Title companies are responsible for ensuring that a property's title is clear of any liens, encumbrances, or other claims that could jeopardize ownership for a purchaser.
Each factor related to title—ownership rights, liens, encumbrances, and legal descriptions—is a matter of public record that title companies have become experts in searching.
Collection
[
|
...
]