A title search is a detailed examination of the historical records concerning a property, including deeds, court records, property and name indexes, and other documents. The purpose is to verify the seller’s right to transfer ownership and to discover any claims, defects, or other rights or burdens on the property.

Title insurance is a policy that protects the buyer and lender from any losses resulting from disputes over the ownership of a property or from defects in the title that were not discovered during the title search.

Settlement services, also known as closing services, encompass all the activities required to complete a real estate transaction, including preparing and reviewing closing documents, conducting the closing meeting, and disbursing funds.

A lien search is a process of checking for any claims or encumbrances on a property, such as mortgages, tax liens, or judgment liens, that could affect the title or the buyer’s ownership of the property.

A municipal search involves checking local government records for any outstanding violations, permits, or assessments on a property. This can include zoning compliance, building permits, and property tax status.

A single and separate search is a type of title search that determines whether a property is legally distinct and separate from adjacent parcels. This is important for verifying that the property can be sold, developed, or used independently.

A zoning lot certification is an official document that confirms a property’s zoning status, including its allowable use, developing rights, and compliance with local zoning regulations.

The duration of a title search can vary depending on the complexity of the property’s history and the efficiency of the title company. Typically, it can take anywhere from a few days to a few weeks.

A title search is important for buyers because it ensures that they are acquiring a property free of any legal claims or disputes. It provides peace of mind and protects their investment in the property.