Title Searches on Property
The laymen definition of a title search is a land search, or property search that reveals the legal description, owner names and address, mortgage, registered Builders Liens and other charges against a property. A title search is a great search tool for collecting background information about a current or possible job site. A land title is associated with each property. As a rule, one civic address will be associated with a specific land title when doing a title search.
By pulling a land title search you can gain insight into what is happening with a particular project. For example, the presence of a Builders’ Lien on the title may indicate that the project taking place is having difficulty paying its contractors. Prior to working on a new site it is wise to pull a Title Search.