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Updated over 14 years ago,

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6
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0
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AJ Biz
0
Votes |
6
Posts

What to look for in title report

AJ Biz
Posted

If I am buying a property through escrow (in CA), and get title insurance, is there anything i need to worry about from a clean title perspective?

Also, what do i look for in the prelim title report?

I would think look at the summary page which outlines that the title will be provided with the blah blah exceptions:
1. property taxes
2. supplemental taxes
3. any other city/county bond related payments
4. any easements for walkways/electricity lines etc to a public utilitity company

I see a lot of verbiage in those reports which seems boiler plate, like exceptions, deductibles, etc.

Whats a smart way to ensure you are getting good title? Or if you are buying title insurance you are ok?

Usually the bank ownes 75-80% of the asset, and you have to buy them title policy (as a buyer). So i was guessing they would ensure title is clean. But if I am buying all cash, what should i look for?

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