They told me I’d be taking title to my property on closing day, but I can’t even tell you what that means.
What it means is: To take title means to receive the official documents of ownership.
At this point, your deed is officially added to the property’s chain of title, which is maintained at your county’s property record office. Your deed now becomes a part of the public record that can be retrieved from the property records office in the county your home is located. Your title company conducts a property title search and reviews the chain of title so that you don’t get any surprises, like an heir that wasn’t listed in a property’s chain of title or that belonged to the owner thirty years ago and was only made aware of their “inheritance” after you’ve moved in. The Abstract of Title is a brief description of the property’s ownership and history, this lets you know whether the title is clear, belonged to the seller, or has clouds, old liens, or encumbrances. It can take up to two months for the grant deed notifying of an ownership change to be recorded, your title deed is ready and finalized after this.
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