Be aware that the real estate title insurance may not include or cover any unrecorded easements, zoning restrictions or use restrictions and research and investigation is the only way that these issues will be discovered through a title search or survey verification.
It is important to realize on a real estate title the terms possession and right of possession are not the same term. Possession means who is actually using the land or the home, or is current possession. Right of possession refers to the legal land owner, whether or not they actually live on the property. This is particularly important in rental properties where the possession is different that the person that has right of possession.
A title company will typically handle all aspects of the transfer of the deed or title including a title search or lien search on the land, building, commercial or residential property. The title company then stands behind the title and insures clear title for the buyer and the seller.
