At First National Title and Escrow, we understand the importance of having a clear title. Without a clear title, you can’t have a legal sale. Various issues could also cause buyers problems if they don’t clear the title before purchasing. But what goes into a Rhode Island property title search?

A title search examines public records to verify a property’s ownership history and legal standing. This process helps identify issues like outstanding liens, encumbrances, or restrictions that could affect the property’s title.

In this guide, you’ll learn about the basic points covered in property title searches in Rhode Island.

Chain of Title

The chain of title is the history of ownership transfers for the property. It will show the property’s current owner as well as previous owners. A clear chain of title should show every transfer from the current owner to the first. If the chain isn’t clear, it could be a red flag.

Tax Records

A title company will also check the tax records for the property. The purpose is to determine whether the payments for real estate taxes on the property are up to date. The title search will also determine the outstanding balance if they are not current.

Liens and Encumbrances

This part of a title search will focus on identifying any financial claims or restrictions on the property. It involves searching public records for unpaid debts, mortgages, or legal claims that could affect the property’s title. This step is vital for ensuring the property is free from encumbrances that might challenge the new owner.

Property Description

The title company should examine and verify the property description on the title. It involves reviewing documents to confirm that the property’s boundaries and details align with the provided description. Beyond verifying the accuracy or looking for discrepancies, the title company will also look for mistakes in the description.

Easements and Restrictions

In this section of a title search, the title company will look for various limitations to property use. It may identify easements granting specific rights to third parties. The search may also uncover restrictions from local authorities or previous owners. Identifying and understanding these elements is crucial, as they can impact the property’s value and use.

Judgements and Bankruptcies

A thorough title search will also include court judgments or bankruptcies that may complicate ownership. It involves searching court records for outstanding judgments or past bankruptcies affecting the property or its owners. It is a key part of a Rhode Island property title search since these legal matters can impact buyers.

Property Title Search in Rhode Island

First National Title and Escrow provides in-depth Rhode Island title search services. Our experts dig deep into the records and do all the legwork to ensure a clear title for transfer. We also offer title insurance for lenders and owners. Reach out now to learn more about our Rhode Island title services.