In one sentence
Confirmation that the property's tax parcels match the collateral and that taxes are current.
The longer version
Verifying tax parcels ensures the loan covers exactly the intended land, no more and no less, and that no delinquent taxes threaten priority. Mismatched parcels are a surprisingly common title issue.
Parcel and tax verification are diligence items that intersect with title, survey, and the legal description.
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