Even if you're paying cash for the property you are buying, you should still have a title search done. Here's why: https://goo.gl/jev7Jg
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If your neighbor is selling his or her property, you should check with their title company to learn about any easements that may exist that could affect you.
If the title search turns up a claim on the property you're trying to buy or sell, an attorney can help you file a quiet title action. Here's what that means: https://goo.gl/LHHBUj
"Buy land. They aren't making it anymore." - Mark Twain
If you hear the phrase "cloud on title" during your real estate transaction, here's what it means: https://goo.gl/NBbxje