What is a Preliminary Title Report?
A preliminary title report is issued prior to the transfer of title and details the conditions in which the title company will issue a title insurance policy.
Listing agents typically pre-open escrow so they can include a preliminary title report with the disclosure packet and see if there are any issues with the title that need to be cleared up.
A preliminary title report sets forth various details about a piece of real estate, including:
- Liens and encumbrances; including property taxes paid and owed
The preliminary title search gathers the information from the county assessors office that the property is located in.
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