Making Sure You Receive Clean Title for Closing...

When property is sold or refinanced, the lender and/or buyer needs a preliminary title report to see exactly what liens and encumbrances are against the property. Items that a preliminary title report show include:

  • Easements of record
  • Restrictions, covenants, and conditions
  • Liens and/or judgments
  • Exact vested owner of record
  • Legal description

When the sale of the subject property is final and the title company has recorded the necessary documents, they then will issue a policy of title insurance to the new lender and the buyer showing clear title to the property.