What is often included in a title report?

The inclusion of a history of ownership and any claims against the title in a title report is essential for establishing the legal status of the property. This information provides potential buyers and lenders with insight into any existing liens, encumbrances, or disputes that may affect ownership rights. Understanding the chain of title is critical, as it ensures that the seller has the legal right to transfer ownership and identifies any issues that could arise from past ownership or unresolved claims. This historical context is vital for mitigating risks associated with property purchase and ensuring a clear title for the buyer.

In contrast, details about the property's market value, its physical condition, or future income potential are typically outside the scope of a title report and are generally assessed through other types of evaluations such as appraisals or property inspections.