Title Insurance Provides Safety
When you buy a home, you want to make certain it is safely yours. Although, even the most diligent search of public records could fail to disclose a number of title defects.
Things such as a forged will or deed, title transfer by someone underage, a married person conveying real estate without their spouse's approval, undisclosed heirs, even false affidavits. These are only a few of the potential problems that can suddenly surface, and without the protection of title insurance, you could be in jeopardy of losing your investment.
The real estate you own represents stability, permanence, and hope for the future. Don't take the risk of losing your property due to a flaw in the title. We will make sure you are protected.
Standard Closing Process
The buyer and seller will sign the sales contract, and deliver it along with a deposit check to their closing agent. At this time, the escrow is accepted and a title order will be opened.
A thorough title search will then be completed, covering every document affecting the title to the property. This includes anything detrimental to the property, such as any deeds, debts, liens, wills, ect. that could create a future problem.
The closing agent will review and prepare all necessary documents/statements from all parties, and schedule a closing date.
At the closing, the seller will then sign the deed and affidavit, and the buyer will sign their mortgage and new note. All parties present with outstanding balances will then get paid. Forwarding payment will occur for all parties requiring payment as well.
The title insurance policies will be finalized and sent to the new lender and yourself.