What is the main objective when conducting a title search?

The main objective when conducting a title search is to verify the chain of title. This involves examining public records to trace the history of ownership for a specific property over time. By verifying the chain of title, parties can establish that the seller has the legal right to sell the property in question and ensure that there are no outstanding claims, liens, or encumbrances that could affect the ownership or use of the property.

Understanding the chain of title is crucial because it provides a clear record of ownership, helping to identify any issues that could impede a buyer's ability to take full ownership without dispute. A thorough title search will reveal all transactions involving the property, which can help in verifying that ownership has transferred legally and continuously from one owner to the next. This knowledge is essential for anyone involved in real estate transactions to mitigate risks associated with property rights disputes and other potential legal issues.

While identifying previous owners, checking for claims from relatives, and evaluating property value may be factors to consider in the broader context of real estate transactions, they do not capture the fundamental purpose of a title search as precisely as verifying the chain of title does.