A title search is a process that is performed to determine whether or not a property has any previous conditions or problems, concerning its sale to a new owner. Two main things a title search looks for is whether or not the seller has any saleable interest in the property, and if there are any liens of the property.
Title Search and Title Report
The title report is what the buyer will see as a result of the title search. The title report shows any liens, easements, or other legal rights to the property which are recorded.
A previous owner may have given certain rights to the property to someone else. If, for instance, a neighbor had some legal right to the use of the property, then the title search would find this.
Though a title search is designed to prevent future problems in the purchase of a property, most buyers of property will also buy title insurance. Title insurance protects them if after the title search, any previous conditions are found concerning the property.
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