Examining Your Title

Michna Law Group has received numerous questions from clients over the years pertaining to real estate law. Today, we'd like to answer another question related to the residential real estate industry: What are title examinations and abstracts?

When you are considering purchasing a property, you may want to learn a little more about its history. Title examinations are used to shed light on the subject.

A title examination is a study of the property's historical ownership. Sometimes, this examination can provide information on others outside of immediate ownership facts, such as whether there was a dispute in ownership.

Meanwhile, a title abstract is a collection of public records containing information on the ownership of a piece of real estate. Throughout the examination process, a title examiner will determine who currently owns the land along with potential defects or claims against the ownership.

If there are any issues, the title examiner will be able to answer what the home buyer(s) must do to receive good title record at closing.

For more information on real estate law, please contact Michna Law Group by phone at 847.446.4600 or by email at BJM@MichnaLaw.com.