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LSDefine

Simple English definitions for legal terms

title report

Read a random definition: distribution in kind

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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i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
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20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
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JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
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JumpySubsequentDolphin
21:34
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JumpySubsequentDolphin
21:35
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JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
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22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
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JumpySubsequentDolphin
22:39
@splitty Oregon!
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JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
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