What's A Title Report? Why Am I Paying For It? Buying Properties 101

[Ken M.]

Excellent question. 

Most Title Companies will prepare a Title Report for $50 to $60 that tells you what is showing up on Title, that you need for financing. 

This is different than Title Insurance. That costs more. 

When you use a Title Company, they inform you of any title issues and work with you to resolve them. 

Liens are simply mortgages, taxes, judgments, special assessments, HOA fees, child support, divorce payments, probate, community property issues and the like that haven't been paid off yet. 

You also have to watch for "lot line disputes", variances and other odd things that pop up on occasion. The Title Officer will help you "clear" them. 

If they can't "clear" them, they will let you know and you simply "walk away from the deal" and do the next property.

I focus on CA WA TX AZ CO NV ID OR Phoenix Austin San Antonio Dallas California, Texas, Arizona, Washington, Colorado, Nevada, Idaho & Oregon but it works in Georgia, Florida, New York and Illinois, in fact everywhere. J

But, I'll answer questions for anywhere.