Purchases of any property are considered a great investment. And for this reason it is very important that as a buyer you have all the information about the property before buying it so as not to have any problems in the near future.

In addition to the pre-sale home inspection, you should also check the legal aspect of the property. You must understand that the entire real estate transaction is a long and detailed procedure. There are many legal aspects attached. And as a buyer, it is very important that you find out who is the legal owner of the property before you buy it; otherwise, his ownership of the new house will be at stake in the future.

For example, the house you like so much and want to buy may have been advertised by a third party and the legal owner may not even know about it. Eventually, if you buy this house, in the future you will surely have legal problems. You can easily spot any situation like this if you get complete information about the legal owner of the property and this is done by the title companies.

The primary duty of the title company is to conduct a home title search or better known as a “title search” in real estate. They will scan all public and real estate records within the county, city, or town and collect information about the property. This will provide them with information about the owner who has the legal rights to sell the property and also if the property was under any legal dispute or if there are any restrictions against the property.

In addition to title search, title companies also provide information on unpaid taxes and liens on the property. As a buyer, if you know this information prior to purchase, you will not have any legal problems associated with your property in the future. Again, this will not only save you from any expense in legal matters, but also help you have a stress-free and peaceful life as a homeowner.

Many title companies also offer title insurance. In this case, if a buyer after purchasing a home from a seller who does not have the legal right to sell the property has a legal issue with a third party over the title to the home, then title insurance takes care of it. This insurance actually protects the financial side of the homeowner or lender against loss due to title defect or other legal matter. In this case, the lost money is reimbursed to the party or the title company defends the case against the lawsuit. As a buyer, you may have the same title insurance policy as the lender’s.

However, as a homeowner, you have the right to choose your own title insurer. But most of the time the buyer relies on the lender’s choice of property attorney or choice of title insurer. In real estate, any property, including a lease, life estate, or easement, can be secured by title.