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Define Title Records in Real Estate
Title Records:
Title records are like a big collection of documents that show the history of a property, including who has owned it, if there are any loans on it, and if there are any legal issues tied to it. These records help people make sure everything is in order when buying or selling a property, so there are no surprises later on.
Example:
John wants to sell his house, and Mary is interested in buying it. Before completing the sale, Mary's real estate agent checks the title records to make sure John is the real owner and that there are no unpaid loans or legal issues tied to the property. The title records confirm that John is the owner and there are no outstanding issues, giving Mary confidence to proceed with the purchase.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
In the land of homes and lots,
Where people buy and sell,
Title records play a part,
Their stories they do tell.
These documents, they hold the key,
To history and more,
Of properties, their owners too,
And debts they can't ignore.
When someone sells or someone buys,
The records they must see,
To make sure all is well and right,
And problems, there are none to be.
So title records, they do guide,
In buying homes with cheer,
Ensuring that the path is clear,
And ownership is near.