You are considering the purchase of an acre of land out in the country to build your future house on.You pay for an investigation of the public record to determine the current legal owner of the property.This is called a(n)
A)legal entity search.
B)title search.
C)appraisal search.
D)escrow search.
E)none of the above.

Question

Quizplus · Accepted Answer

A title search is the process of researching the legal ownership of a property by examining public records. It is important to conduct a title search before purchasing any property to ensure that the seller has the legal right to sell it and that there are no liens or encumbrances on the property that may affect the buyer's ownership rights. A legal entity search, appraisal search, and escrow search are not relevant in determining the legal ownership of a property.

You Are Considering the Purchase of an Acre of Land