Title Re-establishment Survey – A Means for Title Insurance

Buying a property is no easy feat as it involves a ton of research and time, but most importantly, it involves a significant amount of investment. A small mistake or even a little carelessness can make you lose your lifetime savings. The matters related to the land and properties are more complicated than you can think.

Therefore, you should take all the necessary precautions to safeguard your investment. A title insurance policy can protect against the various issues that can arise after you have signed a property deal. You can live with peace of mind once you purchase this policy.

But a title re-establishment survey is a must for getting a title insurance policy. This survey is conducted by licensed land surveying company before you buy a property. You can find such a company yourself or ask the seller or agent of a property to find it for you.

What is a Title Re-establishment Survey?

As the name suggests, a title re-establishment survey is used for verifying that who holds the title to the property. Though all the documents of the property prove it belongs to the seller from whom you intend to purchase it, you can never know what might be buried in its history.

Once you purchase the property, you might come to know about the issues that affect your legal ownership. For example, one of the previous owners might not have acquired the property legally. In such a case, your ownership over the property can get into risk.

With the help of a title re-establishment survey, you can make sure that such instances don’t occur. The surveying company digs out the past records of the property and communicates with all the parties to confirm that the title to the property is clear.

How can you get a Title Insurance Policy?

The companies providing a title insurance policy require the report of a title re-establishment survey carried out recently for the concerned property. So, you have to hire a land surveyor before you can purchase this insurance policy. If the results of the survey declare that the title over the property is clear, the title insurer can offer you a policy without hesitation.

Final Words

Don’t let the past issues related to the property, that you wish to buy, ruin your present and future. A title re-establishment survey can enable you to make an informed decision.