The title study is a report of a preventive nature of the registration history of a property, the content of which is derived from the Property Registry. It is essential to carry out a title study to avoid later problems with the title of your property or the one you intend to acquire. Said study is necessary in most transactions, such as and not limited to liquidation of assets (divorce), liens, inheritance, exchange, donation, mortgage, assignment, sale, among others.
In the investigation that is carried out, the encumbrances (debts), charges, embargoes (federal or state), easements that affect the property and the registry tract (registration sequence of the property) in object are identified. Said registry information is for public use and appears registered in the Land Registry of the region in which the property in question is assigned.
In the case of the purchase of properties through mortgage financing, the banking institution hires a title research company that oversees carrying out said study before granting the sale.
In any real estate transaction, it is important that a title search is required prior to the transaction being completed. Regularly, the lawyer in charge of the sale requests the same and oversees guiding you on any doubt or question you may have.
Be sure to hire a title search specialist before doing any real estate transaction.
Review the title search and clarify any doubts that may arise before proceeding.