How Important Is A Properties Title?
When you’ve searched through Tustin homes for sale and decided on one to buy, it is important for you as a homebuyer to make sure the title on a property is free and clear of any liens and defects. A title insurance company’s goal is to establish the fact a property’s title is clear so they can avoid paying out any future claims. With that in mind, running a title search will be your title insurance company’s first priority ( or your lawyers depending on the prerequisites of your particular state ).
When a title search is performed, the company searches through the previous 50 yrs of official documents for any info concerning the home, including all preceding deeds, last will and testaments, divorce decrees, trusts, bankruptcy cases, court judgments, and tax documents. Studies show up to 35% of homes on the market suffer from a clouded title.