A request for title commitment is the formal process by which a lender orders the process of preparing a title to change hands from buyer to seller. The request is made to a title company or attorney who specializes in matters related to property titles, and upon receipt of the request for title commitment and all relevant information about the transaction, the title company or attorney researches the history of the property, title, ownership, and property survey (if it exists- if not, one will have to be ordered) to ensure that there are no liens or other encumberances on the title that would prevent it from being sold. If the title is found to be free and clear of defects, a title commitment and title insurance will be issued that serves as certification from the title company or attorney that in their professional assessment, the title is ready to be transacted.
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