What is a Title Insurance Policy?

The policy of title insurance you receive when you purchase a home is an important document, but may buyers don’t understand what kind of protections the policy provides. Simply put, a policy of title insurance protects a buyer or lender against errors, omissions, or defects in the title to the property. Unlike auto or homeowners insurance which protect you against future loss, title insurance protects you against claims or losses which have been created by past events which occurred prior to the time you own the property. read more

The escrow closing day is the conclusion of a process which, over days, weeks, or perhaps months, has required the cooperation and energy of many professionals and the Buyer and Seller.

Just prior to closing, the Escrow Officer audits the entire escrow file, provides instructions to the Title Company, and formally authorizes recordable documents to be sent to the County Clerk’s office for recording. This can only be done after the Buyer’s loan funding has been confirmed and the Escrow Officer has received the buyer’s final deposit in clear funds. read more

It’s a big day. The day you go to the title or escrow company, sign your name on the dotted line, hand over a check, and prepare to take ownership of your new home. It’s also the day that you and the seller will pay “closing” or settlement costs, an accumulation of separate charges paid to different entities for the professional services associated with the buying and selling of real estate. read more