Escrow & Title
A title search examines public records to determine:
AThe current market value of the property
BWhether the property has a valid certificate of occupancy
CThe chain of ownership and any liens or encumbrances on the property✓ Correct
DThe condition of the physical structure
Explanation
A title search reviews public records to trace the chain of title and identify any liens, encumbrances, easements, or other claims on the property. It is typically conducted before closing to ensure the seller can convey clear title.
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