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Common Plat of Subdivision

What Is A Title Examination in Georgia

Put simply, a title search is a search conducted for documents on a specific property. This search uncovers whether or not your property belongs entirely to you. The property title, which details who has legal ownership of a home, doesn’t always contain updated information about liens on a property. At the same time, while a property title is comprehensive, it also may not include a complete history of the property.

A title search looks for all records and sources to offer all available information about a specific property. If anyone other than you has a claim on the property, a title search will uncover this. Additionally, a title search includes a report of any deed restrictions. This will tell you if any limits exist on how the property can be used. Deed restrictions are especially critical to be aware of before purchasing a property so that you know what you’re getting into. Finally, a title search also reveals any easements on a property as well as property boundaries



Title News

Fidelity acquires AllFirst Title Insurance Agency

Industry News Wednesday, October 12, 2022

Fidelity National Financial acquired AllFirst Title Insurance Agency and its portfolio brands, including FirsTitle, Excel Title Group, Allegiance Title Co., Guaranty Title, Smith Brothers Abstract, Aggieland Title Co. and Guaranty Title New Mexico.

Together, they provide title examination, title plant, abstract and settlement services for residential, commercial, farm and ranch sales in Texas, Oklahoma, New Mexico and Arkansas.

Cyberattacks remain a Big issue for Title Companies Industry News

Wednesday, October 12, 2022: Most title agents (86 percent) said cyberattacks targeting title and settlement companies remained the same or increased in 2022 compared with 2021, according to a survey by the American Land Title Association (ALTA).

ALTA’s Research & Analytics Work Group surveyed 569 title agents across the county about their experience with cybercrime and wire fraud.


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The Average Cost of a Title Examination in Georgia

The cost of a title search depends on the source you use. Most states require a title search to legally purchase a property. To most buyers, this is merely a formality and is most often left to an attorney used during the purchase. Titles can be confusing and sometimes extra paperwork is involved. The reality is that the cost depends on the purpose of your search. The smartest way to do this search is to use an authority like an attorney or title company if this is a significant purpose. For less important informational needs, you can use an online service. These basic information services can save you big. So no, you don't have to pay $150.00 - $200 for a title search if you just want basic information and a serious transaction is NOT on the line. The bottom line is you need to use good judgment when deciding how deep to dig and WHY. Also, remember that some states require an attorney for real estate transactions. Sometimes being cheap just won't work. In Georgia, the average cost of a title examination is $165.00

The searcher must consider several factors about the information the most important of which is the timeliness of the source. If you get a source that is out of date, the title information could be wrong. This is why a comprehensive source is best. For the purchaser, this could be extremely important. For the purchaser in a real estate deal, this is crucial. A bad title could not only invalidate your transaction, but it could also leave you in a terrible financial situation where you have paid for something you could never possess. Skimping on a title search when you are the purchaser is NEVER in your favor. For a purchaser, YOU SHOULD SPEND EXTRA MONEY. It will be well worth the extra cash. Online tools are great for figuring out who owns a property (possibly past or present) but timely updated information is required for a legal purchase. And make sure an attorney reviews the final exam.


Report:

October 6, 2022. Recently we've been notified that within the past week 4 loans and 2 Warranty Deeds were found in the Courthouse index but not online.

August 20, 2022. Face Mask Mandate lifted for 41 Georgia Counties.

July 28, 2022. More Loan Deeds found in the Courthouse index yet not filed online.