Step No. 3 —The South Suburban Airport team orders title commitments from the title company. This is to verify ownership and provide the state with a basis to secure title insurance.

Definitions

As generally used, title refers to the rights of ownership and possession of particular property. In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.

Documents prepared by an independent title company that report the results of a title search on your property and provide the basis for title insurance the state will require at closing. This document will only show the recorded history of your property and will not reflect any unrecorded encumbrances attached to your property.