When purchasing an Orangeville Home – what does title search mean?
In this Real Estate Video Mike Mullin Sales Representative for Royal LePage RCR Realty In Orangeville Ontario talks with Chris Harrison an Orangeville Lawyer.
Another unfamiliar term confused you during your Orangeville house hunting?
Have no fear a title search is required for almost any mortgage company to consider financing an Orangeville property. It is the means by which a clear title is conveyed to the new landowner.
The actual search is the date referenced by requisition. At that date, the representative agent or lawyer will go through county records to see what instruments, mortgages or other information is registered against the title.
After the search is completed, the results will be consolidated and checked to see if there are issues that need to be dealt with.