Who is likely to benefit from a title search?

A title search is a crucial step in a real estate transaction, as it involves examining public records to determine the ownership history of a property and to identify any issues that might affect the title. This process ensures that the title to the property is clear of any liens, encumbrances, or disputes, which could potentially create problems for the new owner or the lender.

Both buyers and lenders benefit from a title search. Buyers gain assurance that they are acquiring a property without hidden claims or legal issues, which helps safeguard their investment. A clear title means that the buyer can take possession of the property without the risk of losing it due to previous owners' debts or claims.

Lenders also rely on title searches to protect their financial interests. They need to confirm that the property is free from issues that could jeopardize their collateral. If there are any liens or disputes, the lender may need to reconsider the terms of the loan or might ultimately decide not to finance the purchase.

The other options, while they may involve parties connected to the real estate transaction, do not encompass the full scope of who benefits from a title search. The seller may have some interest in clearing the title before completing a sale, but their primary concern is often getting a good sale price