TOP 5 TITLE COMPANY RESPONSIBILITIES
April 22, 2022
Buying or selling a house entails a lot of details and can be a stressful situation. That's the reason why most people who buy or sell real estate take advantage of the services provided by a title company. Since there are so many details involved in the buying and selling of real estate, title companies are responsible for bringing all of the elements together and overseeing the closing process from start to finish. Good title companies are also available to answer questions throughout the entire process, from the moment a client picks out a house to the moment when the sale is complete, everything is in order, and the closing happens. A title company, in fact, acts as an agent for both the buyer and the seller as well as an agent for the title insurance company that will provide title insurance. That does not mean only one title company is used. Sometimes the buyer and the seller will have their own title company agents.
Top 5 Title Company responsibilities
Reviews title and performs title search
Issues title insurance policies
Manages escrow and distributes final paperwork
Oversees closing
Files and records all paperwork associated with transaction
These are the top five title company responsibilities. Not all title companies are created equal. A good title company will perform all of these services and offer others that can greatly reduce the stress and confusion associated with closing on a new home or property. That's what makes a title company so important, and it's also the reason why most people choose to take advantage of a title company for their real estate transactions. The waters are simply too choppy to navigate on your own. If you've never purchased a home or property before, the sheer amount of paperwork that needs to be managed is enough to make most people shake their heads in disbelief. Having professionals who understand the business can allow the buyer and seller to concentrate on the business at hand, without worrying about missing something important that could cause a delay in the closing of the transaction.
