Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 14 years ago,
What to look for in title report
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?