We offer a range of services related to real estate transactions and title insurance. Here are some common services we offer:
1. Title Searches: Title companies perform thorough title searches to examine the history and status of a property's title. This includes reviewing public records, deeds, mortgages, liens, judgments, and other relevant documents to ensure there are no title defects or encumbrances that could affect the property's ownership.
2. Title Insurance: Title companies issue title insurance policies to protect buyers and lenders against potential title defects or claims. They work with underwriters to provide two types of policies: Owner's Title Insurance, which protects the buyer's ownership rights, and Lender's Title Insurance, which protects the lender's interest in the property.
3. Escrow Services: Title companies often act as neutral third parties in real estate transactions, holding funds and documents in escrow until all conditions of the sale are met. They ensure that the buyer's funds are protected and disbursed correctly, and that the seller receives payment once all obligations are fulfilled.
4. Closing and Settlement Services: Title companies facilitate the closing process, which involves the finalization of a real estate transaction. They coordinate with all parties involved, including buyers, sellers, lenders, and real estate agents, to prepare the necessary documents, collect and disburse funds, and ensure a smooth and legally compliant closing.
5. Document Preparation and Recording: Title companies assist in preparing and reviewing legal documents required for real estate transactions, such as deeds, contracts, affidavits, and disclosures. They ensure that these documents comply with state and local regulations and facilitate their proper recording with the appropriate government agencies.
6. Title Clearance and Resolution: If title issues or defects are found during the title search, title companies work to resolve them. They may assist in clearing outstanding liens, resolving boundary disputes, addressing errors in public records, or obtaining necessary releases or documentation to ensure a clear title.
7. 1031 Exchange Services: Title companies often provide services for 1031 exchanges, which allow real estate investors to defer capital gains taxes by reinvesting proceeds from the sale of one property into another. They help facilitate the exchange process, ensuring compliance with IRS regulations and handling the necessary documentation and funds transfers.
8. Construction Disbursement Services: In cases of new construction or major renovations, title companies can handle construction disbursements. They verify the completion of construction milestones, review invoices, and disburse funds to contractors and suppliers based on an agreed-upon schedule.
It's important to consult with a reputable title company to understand the specific services they offer and how they can assist you in your real estate transaction.