Definition
A title opinion is a written legal analysis by an attorney or title company examining the title and determining whether it's clear and marketable. Title opinions assess title quality and identify risks.
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An attorney or title professional issues a title opinion after examining the abstract and chain of title, assessing the strength of ownership, identifying any defects or clouds, and concluding whether title is marketable. Title opinions often accompany title commitments and explain the basis for insurance conditions. A favorable title opinion increases buyer confidence and facilitates financing and future sales.
Pro Tip
Request a title opinion for large or complex transactions to understand title quality and any risks.
Example
A title attorney issues an opinion stating the title is clear and marketable, subject to standard exceptions and requirements.