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LSDefine

Simple English definitions for legal terms

title report

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A quick definition of title report:

A title report is a document that tells you important information about a piece of property. It includes things like who owns the property, if there are any problems with the property, and what the property looks like on paper. People usually get a title report when they buy a property to make sure there are no hidden issues. Banks also require a title report before they give someone a loan to buy a property.

A more thorough explanation:

A title report is a document that provides important legal information and history about a property. It is obtained through a title search, which is conducted by a title company, attorney, or other company. The report is typically paid for by the buyer as part of the closing costs when purchasing a property.

The title report contains key details about the property, including:

  • Who legally owns the property
  • Whether there are any liens or encumbrances on the property
  • Any past disputes regarding ownership
  • The legal description of the property

For example, if a buyer is interested in purchasing a piece of land, they would obtain a title report to ensure that there are no hidden issues that could affect their ownership of the property. The report would reveal if there are any liens or encumbrances on the property, such as unpaid taxes or mortgages, that could prevent the buyer from obtaining clear title to the property.

Most lending institutions require a title report before lending for a mortgage. This is because the report helps to ensure that the property is free and clear of any legal issues that could affect the lender's ability to recover their investment in the event of default.

Title IX | Title search

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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