Topic : Title Insurance
Title Companies
In some regions of the country, title companies provide your escrow and closing services as well as your title insurance. Or an attorney or abstractor may handle the title search and the purchase of a title insurance policy for you. You may sign your closing documents through a title company, escrow company, attorney or a […]
Important Escrow / Settlement Terms
Reprinted Compliments of Fidelity National Title Insurance Company
Broker: This is the person who represents the buyer/seller during a real property transaction. When buying or selling real estate through a broker, you are protected by dealing with a party who is operating under state license. Escrow: This means to deposit money and documents with an escrow agent, usually in the […]
What Is A Preliminary Title Report?
Reprinted Compliments of Fidelity National Title Insurance Company
A preliminary report is designed to facilitate the issuance of a particular type of policy. The preliminary report identifies the title to the estate or interest in the described land. It also contains a list of defects, liens and encumbrances and restrictions which would be excluded from coverage if the requested policy were to be […]
What’s in a Title Search?
Reprinted Compliments of Chicago Title Insurance Company
You’ve decided to purchase a home and hope to take possession as soon as possible. The terms have been agreed upon and all the financial arrangements have been made. But there’s one important detail remaining. Before the transaction can close, a title search must be made. The most accurate description of title is a bundle of […]
Exceptions To Coverage
In Your Title Insurance Policy
by Sandy Gadow, Author, President, EscrowHelp.com
Your title insurance policy will list certain exceptions that will be excluded from coverage. This is a standard practice, but you should be aware of which items are exempted and therefore not covered. Owner’s policies usually contain a list of some of the following standard exceptions. These exceptions may include: boundary line disputes easements or claims of […]
What Is Title Insurance?
by Sharon Hassler, president, Go Get Experts, LLC
What is title insurance? Basically, a title insurance policy protects the investment of the new owner (and lender if there’s a new loan) through measures such as covering legal costs for certain title disputes arising after transfer of title to the property. When sellers transfer ownership of a property, they can give only those […]