Preliminary Title Report

Preliminary Title Report

The preliminary title report or preliminary report begins once an order for title services has been received.

The report is an overview of the property.

There are generally several steps in the process, beginning with property search of the public records

The title company will be checking the current interest and ownership in the property.

The legal description for the property

Matters that affect the property.

The preliminary report allows the parties to a transaction to examine matters indemnified as affecting title.

The report is generally broken down into several parts.

The Type of policy and coverage that is being contemplated.

The vested owner of the property.

Legal description to the property,

Exceptions to coverage.

Notes and requirements.

A title insurance policy must be issue in order to provide coverage as to the ownership interest in the property.

There will be exceptions and exclusions of items not covered in title policy.

The report should be reviewed.

It is important to understand all the information on a property, from outstanding loans. property boundaries, who have actual ownership, and a number of other items that could show up in the report.

Steve Olmos
Realtor and Broker Associated
Selling real estate in Southern California since 1980

Steve Olmos: www.steveolmos.com
Homequest real estate

Diana Olmos: www.mortgagemarketingmentor.com
Statewide Funding Inc.