Title research and ownership
A title search examines public records and other information used to understand ownership and matters affecting the property. The title professional may identify liens, judgments, easements, restrictions, prior conveyances, unpaid items, or other issues requiring review or resolution before closing.
A title search is not the same as a home inspection. It addresses ownership and recorded matters, while an inspection addresses observed physical condition.
Title insurance
Title insurance may protect against certain covered title problems under the policy terms. Ask the title professional to explain available policies, coverage, exclusions, exceptions, premiums, and when a policy would begin. Do not assume every title concern or future event is covered.
Surveys and property boundaries
A survey may show boundaries, improvements, encroachments, rights of way, or other matters depending on the type of survey and the property. Ask the title professional, lender, or attorney whether a survey is required or useful for the transaction and what it will address.
Documents and closing coordination
The title or closing professional may coordinate the purchase agreement, lender documents, payoff information, identity verification, signatures, recording, and distribution of funds. Buyers should respond promptly to requests and review documents before signing. Ask questions about anything you do not understand.
Condominium and association documents
For a condominium or association property, buyers may receive declarations, bylaws, budgets, rules, assessments, meeting information, insurance details, or resale documents. The documents and review period depend on the property and contract. Review them promptly and ask the title professional or attorney about questions within their roles.
Deposits and escrow
The purchase agreement and escrow instructions should identify who receives and holds deposits, how receipt is confirmed, and how funds are handled. The contract controls what happens if the transaction closes, terminates, or becomes disputed. Do not assume a deposit is automatically refundable.
Protect against wire fraud
Before sending closing funds, independently call the title or escrow professional using a trusted number you already verified. Confirm the account details verbally. Do not rely only on a new email, forwarded message, or last-minute change in wiring instructions.
New Orleans property questions
Older homes, historic properties, multifamily buildings, condominiums, renovations, and properties with unusual legal or physical characteristics may create additional questions for the title, lender, inspector, insurer, or attorney. Ask early whether any document, permit, survey, association record, or recorded matter needs further review.
Buyer closing checklist
- Provide requested identity, contract, lender, and property information promptly.
- Ask what the title search found and what remains unresolved.
- Review the title commitment, exceptions, survey information, and closing documents.
- Confirm deposit and escrow handling.
- Review condominium or association documents within the stated period.
- Verify payment instructions through an independently confirmed phone number.
- Ask an attorney to explain legal rights or disputed title and contract issues.
Jonathan can help coordinate the transaction timeline. The title professional explains title and closing procedures, the lender explains loan documents, and an attorney should provide legal interpretation.
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