There are 3 things you need to know about preliminary title reports. There are dozens of records that serve to inform the buyer about the property. The title report is one of the most important. It documents things like ownership and details regarding anything recorded against the home. The legal description are all of the things you will not see in any real estate agent advertising. The legal description is one of the three things you need to review carefully.
- The title report is an important document to inform a home buyer about a property
- Legal descriptions may be thick and lengthy, but they are an important physical description of a property
- Liens have to be paid when a sale closes as disclosed in the title report
“Mortgage liens are generally listed directly below property taxes, and they’re always ordered first, second, and third.”