What is a title search?
A title search is a process to determine who owns a property and whether there are any liens, encumbrances, or other issues associated with it. In Washington State, title searches are done to ensure that a party is able to purchase real estate free and clear of any liens or other obligations. The title search is performed by a title insurance company that searches public records. This includes property descriptions, deeds, mortgages, tax liens, judgments, and other records. The title company will also contact the current owner to ensure they are the rightful owner. In addition to a title search, the title company may also conduct a title examination to make sure all documents are valid, up to date, and accurately reflect the ownership of the property. It is important for buyers to have these steps completed to ensure they are getting a good deal and that the property is free from any issues that could arise in the future. The title search and title examination provide the buyer with a title insurance policy that protects the buyer from any potential lawsuits or problems that could arise from the property. It is important for buyers to understand the importance of a title search and title examination when buying real estate in Washington State in order to protect themselves from potential issues.
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