Preliminary Title Report
A report issued by a title company showing the current ownership, liens, encumbrances, easements, and other matters affecting title to the property.
When Its Used
Ordered at time of listing or immediately upon opening escrow. Provides essential information for pricing, marketing, and transaction processing.
Key Sections
Vesting (current ownership); Legal description; Property taxes and assessments; Liens and encumbrances; Easements; CC&Rs; Exceptions to coverage
Common Mistakes
Not reviewing before listing to identify title issues; Missing liens that affect net proceeds; Overlooking easements that impact property use; Not verifying all sellers match title
Pro Tip
Order the prelim at listing to catch title issues early. Review for unpaid property taxes, HOA liens, or judgment liens. Verify the legal description matches the property.
