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What information is in the preliminary title report?
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What information is in the preliminary title report?
A preliminary title report is prepared by the escrow office's title department after escrow opens and prior to closing. It contains information for the buyer including how title is currently held and what kind of exceptions to title are currently of record (for example, easements, liens and encumbrances). The buyer usually has a specific number of days to review the report, ask questions, and request changes. If the seller cannot or does not make the changes requested, or if the questions cannot be resolved to the buyer's satisfaction, the buyer may be able to withdraw from the transaction.
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