Understanding the Title Process

Although there aren’t a whole lot of steps that Title takes care of during the transaction process, you might say that theirs is one of the most critical! One of Title’s jobs is to make sure the property that is listed for sale is actually owned by the seller and that the seller has a right to sell it “free and clear”. Sometimes there are debts the seller owes that are tied to the property and these usually need to get cleared up before the property changes hands.

In addition, a Title Report is run to identify any rules and obligations one property owner has to another as well as restrictions for property use (such as identifying easements).

Title Insurance is issued in the event there are defects in the property that were not identified in the Title Report. Check out the other responsibilities of Title in the flowchart.  

Check out the other responsibilities of Title in the flowchart.