What information is typically found in a title report?

A title report is a crucial document in real estate transactions as it provides comprehensive information about a property's legal status. It includes the legal description of the property, which is necessary to identify the precise boundaries and location of the property in question. Additionally, the report outlines the ownership history, providing a record of past owners, which can help in verifying the chain of title and ensuring there are no disputes regarding ownership.

Moreover, the title report details any liens or encumbrances that may affect the property. This information is vital for a buyer to understand any financial claims against the property, such as mortgages, tax liens, or other obligations that could potentially transfer with ownership. By encompassing these elements, the title report serves as an essential tool for ensuring a clear title, which is crucial for a successful real estate transaction.

Other options, while they touch on relevant topics, do not encapsulate the essential information contained in a typical title report, making them less valuable in the context of understanding property ownership and ensuring a transparent transaction.