Title Search

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • inquiry

Alternate Spellings

  • deed

Definition of Title Search

  1. An examination of public records to ensure that an owner of real property has the right to transfer ownership of the title. This type of search is designed to identify disparities in the chain of title, liens, problems with the legal description of the property, judgements against the owner, etc.

Related Terms and Acronyms

  • Abstract of Title (ab) Abbreviation,
    • A written history of all the transactions that bear on the title to a specific piece of land. An abstract of title covers the time from when the property was first sold to the present.
    AB is a common abbreviation for Abstract of Title when used in property listings and real estate classifieds.
  • Title Definition,
    • Evidence of a person's right to possession ownership of a property.
  • Examination of Title Definition,
    • A review of public records and title abstracts to determine the chain of ownership of a property.
  • Title Company Definition,
    • A company that checks a property's title for liens and other obstacles to sale, fixes any clouds to title, supervises the closing transaction, and makes sure that money transfers in a purchase are processed correctly.
  • Transfer of Title (TOT) Acronym,
    • A document signed by the seller and purchaser transferring ownership, at which time the document is registered against the property.
  • Caveat Definition,
    • To give warning, notice or caution; beware.
    • A charge or instrument placed on land title.
  • Title Report Definition,
    • A report that reveals any competing claims, liens, or other problems relating to a property. A title report is required before title insurance will be issued. Also known as a "Preliminary Title Report" or "Prelim."
  • Chain of Title Definition,
    • Legal records that trace ownership of a property from the most recent owner to the original owner.
  • Certificate of Title Definition,
    • A written document stating that the title to a piece of property is legally vested in the present owner.
  • Fee Simple Definition,
    • Outright ownership of real estate, free of any liens or other claims against title.
  • Torrens System Definition,
    • A system that is provided by Provincial law for the registration of land titles. The system records the state of the title, including ownership and encumbrances without the necessity of an additional search of the public records. Also known as the "Land Titles System."
  • Deed (D) Acronym, Very Important,
    • A document that provides title to property and is filed with a country recorder.
    Used to transfer ownership of assets, often land or automobiles.
  • Title Insurance Definition,
    • Insurance that covers title defects and ownership challenges on a property.
  • Fee Simple Defeasible Definition,
    • When a person has outright ownership of real estate (free of any liens or other claims against title), but the use of the property is restricted.
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