Title Search in Allentown, Easton, PA, Nazareth, PA & Surrounding Areas

Things to know about title search services 

Traditional Abstract provides title search in Lehigh Valley, Bethlehem, PA, Allentown, Easton, PA, Nazareth, PA and surrounding areas. Title searches are a crucial aspect of real estate transactions, ensuring that buyers receive clear ownership of the property they intend to purchase.  

These are five essential points to understand about title searches: 

  • Definition and Purpose: A title search is an examination of public records to determine and confirm a property’s legal ownership history. It aims to uncover any claims, liens, or encumbrances that could affect the property’s title. By conducting a title search, buyers can ensure they are purchasing a property with a clean and marketable title, free from legal issues or disputes. 
  • Types of Records Examined: During a title search, various public records are reviewed to compile a comprehensive ownership history of the property. These records typically include deeds, mortgages, tax liens, judgments, easements, and any other documents that may affect the property’s title. Additionally, records of past sales, transfers, and inheritance may be examined to trace the property’s ownership lineage. 
  • Title Insurance: Title insurance is often obtained during the real estate transaction process to protect both the buyer and the lender against any unforeseen issues with the property’s title. Before issuing title insurance, a title company will conduct a thorough title search to identify and resolve any potential problems. If an issue arises after the purchase, the title insurance policy will provide coverage for legal expenses and financial losses related to the title defect. 
  • Title Search Process: The title search process typically begins with a request to a title company or a real estate attorney. The professional conducting the search will examine relevant public records, including county courthouse records, tax assessor’s office records, and other official databases. The search may also involve reviewing surveys, maps, and other documents related to the property. Once the search is complete, a title report or abstract of title is generated, summarizing the findings for the buyer’s review. 
  • Importance of Title Searches: Title searches are essential for protecting the interests of both buyers and lenders in real estate transactions. By uncovering any potential issues with the property’s title early in the process, buyers can avoid costly legal disputes and ensure they receive clear ownership of the property. Lenders also rely on title searches to assess the risk of providing financing for a property and may require title insurance as a condition of the loan. Overall, thorough title searches are a critical step in facilitating smooth and secure real estate transactions. 

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