What is typically included in a title report?

A title report is a comprehensive document that outlines the status of a property’s title and includes important information relevant to potential buyers or lenders. A key component of a title report is a summary of past ownership, which provides a history of the property and details how ownership has changed over time. This section may also include any claims or liens against the property that could affect ownership rights, such as judgments, mortgages, or other encumbrances. This information is crucial for determining the legitimacy of the title and whether it can be conveyed free of any legal obstacles.

In contrast, the other components you might find mentioned, such as the cost of insurance premiums, the home’s appraised value, or details of neighboring properties, are generally not included in a title report. The cost of insurance premiums pertains to the pricing aspect of title insurance but does not reflect the state of ownership or claims on the title itself. The appraised value of a home is usually found in a different document and relates to the monetary value assigned to the property rather than its legal status. Finally, details about neighboring properties are generally not relevant to the title of the specific property being assessed and are therefore omitted from the title report.