What is the main purpose of a title search?

The main purpose of a title search is to verify the ownership history of the property. This process involves examining public records to determine the current legal owner of the property and to uncover any liens, disputes, or encumbrances that may affect the ownership. Ensuring a clear title is crucial for both buyers and sellers, as it provides assurance that the seller has the legal right to sell the property and that the buyer will receive full ownership without any unforeseen claims.

A title search can reveal important information regarding previous owners, any mortgages or liens that must be satisfied, and any legal issues that could arise. This thorough examination helps prevent future legal disputes and protects the interests of the parties involved in the transaction.

Other options focus on aspects that are not central to the purpose of a title search. Evaluating property taxes relates more to financial assessments and obligations rather than ownership verification. Assessing the condition of the property deals with its physical state, which is analyzed through inspections rather than title searches. Analyzing market trends pertains to the real estate market analysis and does not address the specific ownership issues that a title search is designed to uncover.