What is the purpose of a title search?

The primary purpose of a title search is to thoroughly investigate the ownership history of a property and identify any encumbrances or claims against it. This crucial process involves examining public records to trace the title backward through time, revealing any past owners, liens, easements, or other legal rights that may affect the current ownership.

By conducting a title search, potential buyers and lenders can ensure that the title is clear, meaning there are no unresolved claims that could lead to legal disputes. Additionally, this process helps to confirm that the seller has the legal right to transfer ownership of the property. The findings of a title search are fundamental in ensuring a smooth transaction and protecting the rights of the buyer.

In contrast, determining a mortgage interest rate focuses on financing aspects, appraising market value pertains to assessing a property's worth, and checking zoning restrictions involves land-use regulations—all of which, while important, do not align with the specific focus of a title search on ownership and encumbrances.