Question

How important is a title search when buying raw land? The land I bought was a foreclosure. Also, closing is in about 3 days. Does this give me adequate time to conduct the title search?

Community Answer

You don't want to buy land from someone who doesn't actually own it. A title search will identify current owner and previous owners. I would assume they would search as far back as titles were originally recorded. There have been scammers who sell land that does not actually belong to them. A title search will protect you from being told that the grantor had no right to sell the land to you. After a title search is performed, insurance on that title can be purchased for an additional fee. If it is found that your land is not really yours, I believe you would be entitled to current market value of the land as an insurance claim. Just a note: A survey is not the same as a title search.