You can visualize what happens in a title search by checking a sample of a typical title report at www.nextace.com or you can download a simple title report for free at www.searchq.com
In general, a title search is performed primarily to answer three questions regarding a property on the market:
1. Does the seller have a saleable interest in the property?
2. What kind of restrictions or allowances pertain to the use of the land? These would include real covenants, easements and other equitable servitudes.
3. Do any liens exist on the property which need to be paid off at closing? These would be mortgages, back taxes, mechanic's liens, and other assessments... more