A title examination provides evidence of the legal title holder of the property. Tax records are not sufficient to determine the exact title holders of the property. A title examination also reveals any liens or encumbrances associated with the property that need to be satisfied and cancelled. In addition, easements and encroachments and other matters are identified in the process of the examination. It is customary to search records for at least 60 years. According to Fidelity National Title, “one in four title searches uncovers some problem that must be rectified prior to close.”