Title Insurance
A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title.
Title Insurance Products
- Residential Owner and Lender Policies
- Commercial Owner and Lender Policies
Title companies also often maintain escrow accounts — these contain the funds needed to close on the home — to ensure that this money is used only for settlement and closing costs, and may conduct the formal closing on the home. At the closing, a settlement agent from the title company will bring all the necessary documentation, explain it to the parties, collect closing costs and distribute monies. Finally, the title company will ensure that the new titles, deeds and other documents are filed with the appropriate entities.
Here’s what potential home buyers need to know about title insurance.
How Does a Title Company Determine That a Title is Valid?
The title company makes sure a property title is legitimate, so that the buyer may be confident that once he buys a property, he is the rightful owner of the property. To ensure that the title is valid, the title company will do a title search, which is a thorough examination of property records to make sure that the person or company claiming to own the property does, in fact, legally own the property and that no one else could claim full or partial ownership of the property.
Contact Benton County Title for any of the following:
- Abstract Continuations
- Construction/Disbursing Services
- Custom Reports
- Document Preparation
- Endorsements (Residential and Commercial)
- Jr Title Policies
- Lender’s Title Insurance
- Modifications
- Notary Services
- O & E Reports
- Owner’s Title Insurance
- Purchases/Sales
- Refi
- Remote Closings
- Title Commitments
- Tract Checks/Copies
- Witness Only
