You've put in an offer on a New Orleans home and you're ready to take a sigh of relieve. However, it's not time to celebrate yet. There are several things that could still go wrong.
One of those things has to do with the title report. The title search is very important and something you should care about quite a bit.
What is a Title?
While you probably understand what a title is with a vehicle, it's a bit different with a home. In real estate, the title refers to the person or persons with the right to use or dispose of the property.
When you buy a home, a title company will do a search to ensure the person selling the home is the legitimate owner of the property. If the title search comes back clean, they will issue a title insurance…