The seller will provide you with title insurance at closing.  This insures a clear title to you from the seller.  If problems arise at a later date, you can always go back to the title company to see if they can clear it up.  Because the seller buys the title insurance, the seller usually will select the title company.

The title company will check the chain of title including any liens, assessments, or clouds to insure you get a clear title.  You will be notified if anything unusual shows on the search.

You will pay for a Lenders Policy.  This insures your lender will be in first position on the title.

The title company will charge you and the seller to close your property.