What is a real estate title?
A real estate title is a legal document that establishes who has the rights and interests in a piece of real estate. In California, title to real estate is established through a chain of deeds, wills, long-term leases, trusts and other documents that date back to the original owner or grantor. A title search is a review of this chain of documents to determine if a property is owned by a particular person or entity. The title search will also show any liens or encumbrances that are attached to the property. Examples of encumbrances include mortgages, taxes, and other legal agreements. The title to a property can be held by an individual, a corporation, a trust, or any other legal entity. The title of the property will also show any restrictions that apply to the use of the property. Restrictions might prevent building in certain areas, restrict the types of buildings that can be built, or limit the number of occupants that can live in the property. The person or entity holding the title to a property will have the right to possession and use of the property, as well as the right to transfer the title to someone else. Transferring title usually requires that certain legal procedures are followed. A real estate title is an important document that establishes who has the right to ownership and use of a piece of property. It is important to have a clear understanding of all the rights and obligations related to a piece of real estate before completing any property transactions.
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