Bifalgorithm post · Property · The Deed

Title Search

Title Search (Property · The Deed) — "Deeds are important because they can provide notice to others about the ownership status of real estate. A system of cent…

Ideas in this flowchart

  • Deeds and public records support verification of real estate ownership and title
  • Deeds provide notice to others about the ownership status of real estate
  • A centralized public-record system helps determine whether a seller owns the land and has not previously conveyed it
  • Grantor and Grantee Indexes allow a purchaser to trace title through preceding owners
  • The purchaser looks up the seller in the Grantee Index
  • The purchaser checks the Grantor Index for later conveyances
  • The purchaser examines the seller’s predecessors, presumably back to a sovereign patent
  • The good lead doctrine requires a property description that identifies the granted land with certainty
  • Marketable Title legislation can validate an apparently good title
  • A sufficiently long search must reveal no contrary grants or claims, often for thirty or forty years
  • Purchasers and financing banks may require title insurance when substantial money is invested
  • Title insurance protects against title-related claims, including mistakes in a title search
  • Title companies maintain title plants containing property-related title information
  • Title companies may produce abstracts of title containing documents related to a piece of property
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Title Search

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"Deeds are important because they can provide notice to others about the ownership status of real estate. A system of centralized public records helps determine whether a purported seller owns land and has not already granted it to someone else. By using Grantor and Grantee Indexes, a purchaser can trace title through preceding owners, presumably back to a patent from the sovereign. The purchaser can look up the seller in the Grantee Index, check the Grantor Index for later conveyances, and then continue examining the seller’s predecessors. The good lead doctrine requires a property description to provide a way to discover with certainty the land granted. Marketable Title legislation can make an apparently good title truly good when a search thirty or forty years back reveals no contrary grants and there have been no contrary claims during that period. A purchaser investing substantial money, and a bank financing the purchase, may also require title insurance. Title insurance protects against claims arising from title problems, including mistakes in a title search. Title companies maintain title plants and may produce abstracts of title containing documents related to a piece of property."

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