When you're considering purchasing real estate, whether it's a house, land, or an apartment, one crucial aspect of the transaction is the verification of the property title. This is an essential step to ensure that you become the legitimate owner of the property and avoid legal issues in the future. The notary plays a pivotal role in this process.
What is a Property Title?
A property title is a legal document that confirms ownership of a real estate asset. It states the owner's name, provides a detailed description of the property, and discloses any encumbrances or restrictions on the property, such as mortgages or easements.
What is the role of a notary in title verification?
A notary is a legal professional whose primary responsibility is to ensure that real estate transactions are legal, fair, and accurate. Here's how a notary is involved in title verification: