What is a Title Commitment?

Here is an awesome chart explaining what a Title Commitment is from our fabulous friends at Fair Texas Title! 

One of the important aspects of a home purchase is reviewing the title of the property to be sure there are no debts, liens, special neighborhood rules, easements, or other 'encumbrance' on the property that either can't be resolved before closing or are something objectionable. 

This chart outlines the document the title company sends for the parties to review. This is an awesome summary!