Hi there,
When you are buying a home in Tucson, one of the documents you will receive toward the end of the process is the title report, also called a title commitment. This report provides important information about the legal ownership of the property and any limitations that may affect it.
Understanding what the title report shows can help you make informed decisions before closing.
What a Title Report Includes
A title report is prepared by a title company and shows the current ownership of the property along with any recorded items that could impact your use or ownership. These items are typically listed in a section called Schedule B, which includes exceptions to the title insurance policy.
Common items found in Schedule B include easements, liens, restrictions, and other recorded documents. Some of these may be routine, while others could affect your plans for the property, such as adding a swimming pool, building an addition, or making other improvements.
Why Reviewing the Title Report Matters
The title report helps ensure there are no surprises regarding ownership or legal claims against the property. It also shows whether the seller has clear title to convey to you. Reviewing this document gives you the opportunity to ask questions and address any concerns before you finalize the purchase.
In Tucson, where many properties have been owned for generations or have gone through multiple transfers, it is not uncommon to find older easements or restrictions that still apply. Taking time to understand these items can prevent future complications.
What Buyers Should Do
When you receive the title report, review it carefully with your agent. Pay special attention to the exceptions listed in Schedule B. If anything is unclear, ask your title officer or attorney for an explanation. You may also want to request copies of any documents referenced in the report so you can see exactly what they say.
For vacant land purchases, it is often wise to consider an extended title insurance policy, which can provide broader protection than a standard policy.
A Helpful Approach
I work closely with title companies throughout the Tucson area and make it a point to review title reports with my clients. This helps ensure you understand what the report shows and how it may affect your ownership and future use of the home.
Would you like help reviewing the title report for a property you are considering? I am happy to walk through it with you and answer any questions that come up during the process.
Please feel free to call or text me at (520) 400-9466 or email me at AGirard@LongRealty.com.
Warmly,
Alicia Girard
Long Realty | Long 1926 Circle of Excellence
Top Producing Tucson Real Estate Agent
(520) 400-9466