Basics of Buying a Home
What is the title search?
Prior to the closing, your lender will arrange for a title insurance company to look for any "title exceptions" against the property, which may include:
- easements that give utility companies the right to enter the property to service gas, electric or phone lines
- right of access by neighbors
- prohibitions against exterior remodeling
- any liens or claims of ownership
Your attorney should review the report of the title insurance company to make sure that there are no complications. In most cases, you'll want to obtain title insurance.
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