what does a title company do?
The job of the title company begins well before settlement. We assemble information from many sources, including buyers, seller’s mortgage companies, land records and court records. We coordinate with all parties involved in the settlement. We look for any potential problems in the transactions and clear any judgments and/or liens against the parties prior to the transaction. At the settlement table we collect and disburse funds from the transaction, transfer ownership of property and issue title insurance after settlement. The title company is also responsible for recording the Deed and Deed of Trust in land records. We also track and record the release of the seller’s mortgage. [top] 3. Are there various ways to hold title to my property? Yes, as a sole owner, joint tenants, tenants in common, or as tenants by the entirety. Consult with us prior to closing to discuss your specific situation.
A title company oversees the interests of all parties, consisting of buyers, sellers, lenders, real estate agents and coordinates the transfer of money and property at the time of closing. Prior to settlement the title company will research the ownership history of the property (which is called the title examination) to determine that the title is free of any liens or claims. At the settlement table, thetitle company collects and distributes funds from the transaction, transfers ownership of the property, and issues title insurance.
