What are the main reasons why titles are created?

The main reasons why titles are created center around the need to record legal ownership and accurately describe the status of real property. Creating a title serves the essential function of providing a legal framework that documents who owns a property, ensuring that ownership can be transferred legally and transparently.

This process involves establishing clear legal descriptions of the property, which is crucial for demarcating the boundaries and attributes of the land. When ownership is transferred, the title is updated to reflect the new owner, thus maintaining an accurate and public record of property ownership. This record-keeping helps to prevent disputes over property rights and ensures that transactions are conducted with a clear understanding of the property's legal status.

While marketing, assessing property potential, and establishing mortgage terms are important aspects of real estate, they are not the primary reasons for the creation of titles. Titles are fundamentally about formalizing and documenting ownership, which is essential for the legality and clarity of property transactions.