Title Opinion Law and Legal Definition
Title opinion refers to a lawyer's or title company's professional judgment as to the state of title for a given piece of real property. This is issued following a title search by the attorney. The opinion usually describes whether the title is clear and marketable or whether it is encumbered. It determines the legal owner of the property; reveal any mortgages, liens judgments or unpaid taxes outstanding on the property and details any existing restrictions, easements or leases that affect the property. It will also set forth all the things that should be done and any problems that should be corrected before a purchaser can receive a good title.
