In order for the ownership of a piece of real estate to be legally transferred from one party to another, it must have what is referred to as 'clear title'. For a title to be considered clear, a thorough examination of the property's history must be performed, tracing each transfer of ownership back to the original land grant. Although this is done each time a property is transferred, various facts are uncovered over time that are added to the records of a piece of real estate that can call into question something that may have occurred years ago that impacts the current status of ownership.
Most times, any issues with a title are rectified without much bother. To safeguard against any future issues arising that prove to be material, however, title insurance is routinely purchased, protecting both the mortgage lender and the property owner.
Escrow Services
In a real estate transaction, an escrow account is a deposit of funds from the buyer held by an impartial third party for delivery to the seller at the time of the closing. The involvement of this third party, the title agent or officer, assures everyone involved — buyer, seller, lender — that no funds will be modified or disbursed until all necessary elements to the transaction have been fulfilled.
Closing Services
From management of the title process to the coordination of location logistics and escrow services, we manage all of the details of the closing process, so that you can focus on the more important aspects of moving into your new home.
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