What does a title search aim to verify regarding real estate ownership?

The primary purpose of a title search is to verify clear ownership of the property and ensure that there are no outstanding liens or encumbrances on the title. This process examines public records to establish the legal ownership of the property and to identify any claims, liens, or legal issues tied to it. Ensuring that the title is clear is critical in real estate transactions because it protects both the buyer and lender from potential legal disputes over ownership credentials or financial claims that could interfere with the sale. By confirming that ownership is clear and free of liens, the title search effectively safeguards the transaction and promotes a successful transfer of property.