What is the role of a title opinion?

The role of a title opinion is primarily to identify defects or clouds on the title. A title opinion is a legal document provided by a title company or an attorney after conducting a thorough examination of public records. This examination looks for any issues that may affect the ownership of the property, such as liens, encumbrances, or disputes over ownership. Identifying these potential problems allows buyers, sellers, and lenders to make informed decisions regarding the real estate transaction, as it provides clarity about the property's legal standing and ensures that the title is clear before the transfer of ownership occurs. This preventive measure is crucial in maintaining the integrity of real estate transactions and protecting the interests of all parties involved.