Order a professional title search and avoid unpleasant surprises. A title search ensures that the house is not subject to liens or encumbrances that would cloud title or prohibit the transfer of a clear title. The purpose of a title search is to make sure that the person who is selling you the property is actually the owner and the property can legally be transferred to you without any problems.
The data collected through a title search, not only gives the buyer peace of mind regarding the property they are purchasing, but also helps reduce the risk of title problems arising in the future. This makes a title insurance policy a valuable investment towards protecting an even greater investment, which is your home.
An in-depth title search is generally comprised of a thorough examination of public records.
Title searchers uncover more than simply liens and judgments. A thorough title search will include information about mortgages, street and sewer assessments, taxes and levies, and countless other issues that could taint an otherwise sound transaction.
Even with new construction, the land on which it resides has likely transferred hands countless times prior to the new construction. With respect to a newly-built home, there is no guarantee that subcontractors and/or suppliers have not placed liens on the property for unpaid debts.
Texas Lone Star Title works to remove any existing “clouds” (judgments, easements, liens, etc.) prior to issuing a policy in order to decrease financial risk to insure the title. When a cloud is difficult to clear, or significant enough to question the wisdom of following through with the transaction, Texas Lone Star Title will make this known to the prospective buyer.