Title Commitment-Equity or Property Report

The Title Commitment-Equity or Property Report is a critical document in real estate transactions that outlines the terms under which a title insurance company agrees to issue a title insurance policy. It is a preliminary report provided before the closing of the property transaction, which serves to disclose the current status of the property’s title, including any liens, claims, or defects that may affect ownership.

This document is essential for buyers, sellers, and lenders as it helps to ensure that the property title is clear, thereby mitigating the risk of future ownership disputes. Real estate professionals utilize this report to verify property details and assess whether any issues need resolving before concluding the transaction.

Extractable Data Fields

The table below lists the key data fields that Vaultedge can extract from the Title Commitment-Equity or Property Report. This information facilitates efficient processing and analysis of relevant data during the transaction.