What are “title search fees”?

Title search fees refer specifically to the costs associated with the examination of public records to determine the status of a property’s title. This process is crucial in title insurance, as it allows professionals to uncover any issues that may affect ownership rights, such as liens, easements, covenants, or any claims against the property. Understanding the title’s status through this search is essential for ensuring that the buyer receives clear ownership when purchasing property.

The title search involves a thorough review of property records, tax records, and other legal documents to establish a chain of ownership and verify that the seller has the right to sell the property. This step not only helps to protect the interests of the buyer but is also critical for title insurance companies, which rely on accurate information to issue policies that will protect against potential future claims.