Purpose of a Closing/Settlement

As your closing agent, Title Experts acts as a third party to ensure that:

·         All provisions of the real estate sales contract are fulfilled;

·         The Seller has good and marketable title to convey to the Purchaser;

·         Lender's Instructions and Conditions are met;

·         All costs incident to the sale (e.g. required inspections, lender fees, escrow  account contributions, title insurance premiums, loan payoffs, homeowner association dues, water bills, taxes of all types, etc.) are paid and/or prorated to the appropriate parties;

·        Sale proceeds are disbursed in accordance with the Seller's directions and local laws.

We protect your piece of the American dream
Title insurance isn't like most of the things we Americans buy.  In fact, it's not exactly a product, but more of a process.  It's different from other kinds of insurance, too, in that the premium you pay just once, buys coverage that lasts the entire time you, or your heirs, own your home - whether it's five years or 105!

 
Other types of insurance that protect your home focus on possible future events and charges an annual premium.  On the other hand, title insurance protects against loss from hazards and defects that already exist in the title, and is purchased with a one-time premium.

We Inform You
Land is permanent, but its ownership isn't.  Every property starts out with a bundle of rights its owner can expect.  But over the years, with each new possession of a property, events can take place that affect the title, such as refinancing, a tax lien, an encroachment by a neighbor, or the marriage, divorce, or death of an owner.

The Title Search
When a buyer and seller agree on a home or land purchase transaction, a title expert searches public records to see if any outstanding matters could affect the new buyer's rights. Title experts research records in municipal and county facilities or in information storehouses called "title plants," capturing and analyzing even the smallest details. These records include recorded documents such as: judgments, liens, general taxes, utility assessments, special taxes/levies, and other matters that could cost the new buyer money, or worse, affect their property ownership. This process, called a title search, provides warning of title flaws that must be dealt with before property can change hands.

We Reduce Your Risk

Our title experts find title issues, they then work to remedy any problems that could keep you from having a "clear" title.  For example, a previous owner my have had minor construction done to the home, but never fully paid the contractor performing the 

the work.  Title professionals identify this unpaid bill so that it can be resolved by the previous owner before you take ownership.  If it isn't, you might very well be responsible for this payment as the new owner!