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A title search is a detailed examination of all public records that involve title to a specific property. It is conducted to verify that the seller has the right to sell the property and that there are no liens or other claims outstanding.
Title insurance is a policy that protects the insured from financial loss due to defects in the title to a property. It covers errors in public records, liens, encumbrances, and other issues that may impact ownership rights.
Closing costs are fees associated with the purchase of a property that are paid at the closing. They can include appraisal fees, title search fees, attorney fees, recording fees, and other charges.
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