Which document is necessary to confirm property ownership during a closing transaction?

The Preliminary Title Report is essential in confirming property ownership during a closing transaction because it provides a detailed overview of the property's title history. This report outlines the current ownership, any liens, encumbrances, or issues that may affect the title, and confirms that the seller has a legal right to sell the property. It serves as a crucial tool for both buyers and lenders to ensure that there are no hidden liabilities or claims against the property prior to the transaction.

While Title Insurance is also important in the closing process, it serves more as a safeguard against future title issues rather than a document that confirms ownership at the time of closing. The Deed of Trust relates to securing a loan against the property rather than verifying ownership. A Property Appraisal assesses the value of the property but does not provide information about its ownership status. Thus, the Preliminary Title Report is the most relevant document for confirming ownership during the closing process.