What is a potential outcome of neglecting to perform a title search?

Neglecting to perform a title search can lead to unexpected financial liabilities, making this the correct answer. A title search is an essential step in the property purchasing process as it reveals any existing claims, encumbrances, or liens against the property. Without conducting a thorough search, a buyer may unknowingly acquire obligations tied to the property, such as unpaid taxes, mortgages, or other legal encumbrances. These unexpected financial liabilities can arise after the purchase, potentially resulting in significant expenses to resolve the issues.

In contrast, while some answers suggest positive outcomes, they do not address the risks associated with not performing due diligence. Finding a bargain deal or identifying encumbrances can actually be the result of a title search, whereas acquiring property free of disputes is generally achieved through careful examination of the title. However, neglecting this search increases the likelihood of encountering unforeseen issues, leading to the financial burdens that reflect the reality of such negligence.