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EP27 Reality Behind The Title Searches in Real Estate
Manage episode 460202563 series 3624899
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Reality Behind the Title Searches episode explains title searches, crucial for property purchases. A title search verifies the seller's legal ownership and identifies any liens or judgements against the property, protecting buyers from inheriting financial burdens. Two types exist: full coverage searches for sales and limited searches for refinancing. While relatively inexpensive, a title search isn't foolproof; hence, title insurance is recommended to mitigate risks. The process is typically handled by lenders or attorneys when a mortgage is involved.
https://www.houseinbrampton.ca/communities/bank-estate-sale-properties/
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