What is a certificate of title?

A certificate of title is a legal document issued by a licensed title insurer or other government entity that certifies the ownership of a property. In New York, a certificate of title is required for any residential real estate transaction. This document serves as an insurance policy, protecting both the buyer and the seller. The certificate of title states the names of the owner(s) of the property, the legal description of the property, and any liens or mortgages that may be attached to the property. It also outlines any restrictions or easements that apply to the property. The document also indicates whether or not the title has any defects or encumbrances that may affect the transfer of the property. The certificate of title is a very important document when it comes to residential real estate law in New York. It ensures that all parties involved in the transaction are protected and that the title is clear of any liens or other encumbrances. Through this document, all parties involved can rest assured that the property legally belongs to the person who is selling it.

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What is a certificate of title?

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