In a Title Review, we examine the abstract of title on the property, and then issue a written legal opinion regarding the property’s title, based on our findings in the abstract of title. A Title Review typically requires 2-5 days to complete. This process is important prior to entering into a contract for the sale of real property, particularly for real estate transactions involving simultaneous closings, assignments, or off-market deals.
Although this is a quicker alternative to a title commitment, the attorney will only be able to review and analyze documents that are publically recorded. If there are title documents that are not publicly recorded, the attorney may not have all the information to give an accurate opinion. In addition, title reviews do not typically include a title policy so there is a bit more risk involved. This type of title work is usually utilized when the title company is not willing to issue a title policy like on a wrap around mortgage or subject to transaction.