- June 14, 2017
- Posted by: U.S. Title Records
- Category: Full chain of title, preliminary report vs. full chain of title, Preliminary title search
Hi. We are purchasing a neighbor’s property in a subdivision in Wimberley, Texas in which we already own a home. We have been neighbors for 30 years. The purchase price has been agreed upon, and there will be no mortgage. We want to get some lien reports to be sure that everything is clear before we proceed.
I’m looking at the Preliminary Title Report and the Full Chain of Title Report. I’m not really sure what I need, as I already know information about the neighborhood, sales prices for the area, etc., and really just need information about the specific property we are purchasing.
I have 3 questions:
1. Does the Full Chain Title Report include everything that the Preliminary Title Report includes, plus some extra information? If not, which is more thorough in regards to my needs (requiring less information about surrounding areas/neighborhoods/sales prices and more information about the specific property)?
2. Is there a report of easements and restrictions in either the Preliminary Title Report or the Full Chain of Title Report? I don’t see it listed in either column.
3. If I get the Full Chain of Title Report, are we missing any reports that would commonly be required or especially helpful in my situation (no mortgage, neighbors for 30 years, etc.)?
Thank you in advance for your assistance!
Donna, thank you for your inquiry. Generally, a preliminary title report reflects ownership, liens/encumbrances and other exceptions to title. That information is obtained from documents recorded on a given property address. Please note that all preliminary title reports, whether obtained through U.S. Title Records or another title company are for research purposes and do not come with title insurance.
Thank you,Customer support