There have many cases that property sellers lie about existing loans on the property they intend to sell, trapping unaware buyers. How can prospective buyers ensure that the property doesn't have any existing loans?
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  • Title Report- Property title search is the process of retrieving the chain of documents that document the history of the property. This is done at the Registrar's office. Title report is the written analysis of the property in terms of its description, names of titleholders, joint tenancy, tax rate, encumbrances, liens, mortgages, and property tax.

    One can get it done through a lawyer.

    Also if you are taking a loan the bank giving you a loan will get it done as a precaution. So even if you have whole money ready with you always opt for a loan for your safety. One can always take a loan of lesser amount