The title report reveals if there are any defects in the title to the property. These are all issues that you want to be aware of before purchasing your house and you will know what you are buying and what the situation is with your neighbors. With the title report you will see the legal description of the property, the current owners name, all underlining encumbrances (a right to, interest in, or legal liability on property), liens, judgments, deeds. Underlying matters such as easements, covenants, conditions and restrictions (CC&Rs) and agreements which affect and are part of the land. Some of the common agreements that “run with the land” include: building limitations; height restrictions; encroachment issues (like fence lines and gardens, parking); shared driveways; solar panels; and noise. Finally, this preliminary title report is what allows the title company, once approved, to provide the insurance that is required before you’re going to be able to have your loan fund.