What is a title search?

A title search is primarily defined as an examination of public records regarding property titles. This process involves scrutinizing various documents, including deeds, mortgages, tax records, and other legal filings, to establish the property's chain of title and confirm ownership. The goal is to identify any potential issues related to the title, such as liens, encumbrances, or disputes that could affect the property’s transferability or its marketability.

Understanding the importance of a title search is crucial in real estate transactions. It informs buyers, lenders, and other parties involved about any risks associated with the property title, ensuring that the title is clear of any claims or issues that could hinder ownership. This step is vital to safeguarding interests in property transactions and is a standard practice before finalizing any sale.

The other options, while related to real estate, do not accurately represent the definition or purpose of a title search. Evaluating property value, investigating ownership disputes, or reviewing market conditions encompasses broader aspects of real estate analysis but do not specifically pertain to the thorough examination of public records that defines a title search.