The Purpose Of A Title Company

Dated: 03/30/2017

Views: 798

When you purchase a home, a title company will research the property to ensure that you are the rightful owner. They'll look through records for anything that might cause problems-ownership disputes, restrictions, unpaid taxes, liens, and more. Their goal is to document the chain of title and identify any issues that could become major problems down the road.

At the end of the process, the title company issues a title opinion. This is a legal document that states that the title is valid. The title opinion is part of obtaining title insurance. The insurance protects both the owner and the lender if there is a title dispute. If another party is actually the rightful owner of the home, your title insurance protects you from financial loss.

In addition to title opinions and title insurance, title companies also handle escrow accounts and distribute money to the appropriate parties at closing. They'll also deliver closing documents to the appropriate agencies.

Its a deal


Blog author image

Christi Buratti

Having been raised in Austin, I have a clear understanding of the uniqueness of each neighborhood and the surrounding communities. As a child, I used to help my dad, a custom homebuilder with the de....

Latest Blog Posts

What can you buy for $200k in Austin?

 Just ten years ago, buyers had many more options when looking to invest $200 K in the Austin real estate market. The median sales price of residential homes in 2008 was only $192,000. 

Read More

Homes with Pools: Diving into the Pros and Cons

 It’s HOT, HOT, HOT right now.  With temperatures in the triple digits, the idea of jumping into a pool sounds absolutely glorious.  But, does having a pool make your home more

Read More

‚Äč6 Documents to Gather Before Listing Your Home for Sale

 If you’re preparing to put your home on the market, you are probably staying busy cleaning, de-cluttering, and starting to pack.  You may also find time slipping away from you as

Read More

Remodeling Ideas, Owen Moore, eXp Realty, LLC.

These are some ideas on making certain areas in your home pop! It includes remodeling ideas, different styles, colors and materials to use to freshen up an area of your.

Read More