A title company conducts a title search to examine public records and identify any potential issues with the property's ownership history, such as liens, judgments, or other encumbrances. They issue a title insurance policy to protect the buyer and lender against financial losses due to title defects discovered after the purchase. They manage the escrow process, holding funds and documents until all conditions of the sale are met. They facilitate the closing process, coordinating with all parties involved to ensure a smooth transfer of ownership.

Is my money safe with this company? How will my investment be protected? Is the company a neutral third party? Are your rates filed with the Division of Insurance? Do you conduct thorough title searches and disclose exceptions? What is the company's experience with resolving title issues?

Typically, the buyer chooses the title company, but sometimes the seller or lender may have input. It's important to research and compare title companies to find one that meets your needs and provides reliable service.

The cost of title insurance varies depending on the property value, location, and the type of policy (owner's or lender's). It's a one-time fee paid at closing, not a recurring monthly expense.

Title insurance protects the buyer and lender from financial loss due to title defects that may not be discovered during the title search, such as fraud, forgery, or undisclosed heirs. It provides peace of mind, ensuring the buyer's investment is protected even if problems arise after closing.

Liens: Unpaid taxes, mortgages, or other debts secured by the property. Encumbrances: Restrictions on the use of the property, such as easements or restrictive covenants. Fraud or Forgery: False documents related to the property's ownership. Undisclosed Heirs: Claims by individuals who are not listed on the deed as owners.

While title companies can't remove liens, they can assist in resolving issues by negotiating with lienholders or helping to clear clouds on the title. The seller is typically responsible for resolving any title defects before closing.

All parties involved (buyer, seller, real estate agents, lender, and title company representative) meet to sign final documents and transfer funds. The title company disburses funds, records the new deed, and issues the final title insurance policy.