Explore below to learn more about some of our frequently asked questions.
What is title?
Title is the foundation of real estate ownership, and refers to your legal right to own, use control, possess or dispose of the home.
What is title insurance?
Title insurance helps protect you or your lender from prior rights or claims that other parties may have against the property. If someone challenges your title, the title insurance underwriter will defend your title and pay all related costs or loss in property value, up to the limit of your policy. There two types of title insurance – An owner’s policy insures the owner rights to the property against specific kinds of claims listed in the policy and a lender’s policy insures the lender’s interest in the ho
What is a title search?
Before a title insurance policy can be issued, a title agent will run a search against the property for any defects in the chain of title. Free and clear ownership could be jeopardized if there are any problems with the title, such as a lien filed by someone who worked on the property, unpaid taxes, an easement or an undisclosed claim from an heir of a previous owner.
What to expect at closing?
During closing, the title is transferred from buyer to seller. This includes collecting all necessary funds & completing all required paperwork in order to facilitate the conveyance of title from one party to another. Once funds & documents have been distributed to the buyer, seller & lender, the deed will be recorded with the County Clerk of Court, who maintains the official county records. Once recorded documents are returned to the title agency, title policies will be delivered to the new owner & lender.