Reasons For A Land Title Search
A land title search, or Property Title Search, is needed for several reasons. Real estate agents need a title search before they can place a property on the market. Municipalities need searches for zoning purposes. Law firms need them to settle disputes over boundaries, prepare for probate cases, and look into possible fraud. Insurance companies need searches done before they agree to insure a home or a land lot. Land surveyors need searches to conduct surveys and property title search in Ontario draw up boundary lines for the government. Individuals need them to confirm ownership of property, or to make sure there are no liens on their property.
Find your Title Search Online to save you the time of looking through town records. There are a few ways to search for a property. You can use the owner name, the address of the property, the legal description, or the title number, if you know it. Some records are not available to the general public, so that may pose a problem. You can also just have a title search company do all the work for you. The costs are low, and they know what they are doing, so it will not take long to get the results you need. A Land Title Search at SpeedySearch.ca can be ordered online and sent to your Email, your home address, or to your mobile device. Title search companies are licensed and bonded, so they have access to more records. Corporate and vehicle searches are also available. You can Order Land Title Searches in Canada online from various companies.
A title search provides a wealth of information about the property. The current owner's name, the lot number, a legal description of the property, and how the title is held is available. It lets you know about the easements of the property, which means who has right of way. If the property is subject to any liens, that information will be there. That is important if you plan on buying the property. The title will let you if liens will be taken off when the property is sold. If the property is sold for less than the total of the liens, the new owner may be responsible for the balance, or the property cannot be sold. Usually, the real estate agent has already checked that out, but you may want to know for yourself, as well. Any restrictions on the property, any lease agreements, and any bylaws information would also be included in the title paperwork.
