What is Title? & What is Escrow?

Title Insurance and Why You Need it

Investing in a home is one of the most important investments you’ll ever make. Title insurance is your policy of protection against the “hidden hazards” often resulting in a claim against your ownership.

A title search is a detailed examination of all available public records concerning a property. These records include unpaid taxes, unsatisfied mortgages, deeds, court records, land restrictions, property and name indexes, and many other documents. The purpose of the search is to verify the seller’s right to transfer ownership and to discover any other claims, defects, or rights and burdens on the property. Title insurance is issued after a close and careful examination of the public records.

However, even the most diligent searches may not fully reveal all of the hidden hazards. Title insurance protects you against the most common hidden risks including:

    • Impersonations of the “owner” who isn’t the person they claim to be
    • Mistakes in the recording of legal documents
    • Forged deeds, releases or wills
    • Undisclosed or missing heirs including spouse
    • Deeds by minors or persons of unsound mind
    • Deeds executed under an invalid or expired power of attorney
    • Fraud

Title insurance adds an extra layer of protection. With so much that goes into purchasing a home, a little extra security will bring you peace of mind.

Let our experts handle everything you need during this often confusing process, so you can sit back and relax.

What is Escrow?

Escrow is the neutral third party, or settlement agent, that holds the legal documents and funds on behalf of a buyer or seller. As a neutral third party, they execute the documents according to the buyer’s and seller’s mutually agreed-upon instructions.

Both the buyer and seller rely on the settlement agent to be neutral and impartial, and carry out their instructions relating to the transaction and advise them if any of their instructions conflict.

Professional escrow settlement services are convenient for both the buyer and seller since both parties can move forward separately, yet at the same time, since there’s a central contact person for gathering reports, loan commitments and funds, deeds, and many other items. If the instructions from all parties regarding the transaction are clearly drafted, fully detailed, and mutually consistent, the settlement agent can take multiple actions on their behalf without further consultation.

At the end of the day, this saves precious time and efficiently facilitates the transaction from start to finish.

Are you ready to let our friendly, experienced team handle all of your title and escrow details?

Are you ready?

Are you ready to be treated with the care and respect you deserve, while we deliver exceptional results with your best interests at heart?