What Does the AAR Resale Contract Say about the Commitment for Title Insurance?
When escrow officers receive an executed purchase contract, they open escrow using the information from the contract. They then order the Commitment for Title Insurance from their title department. When the Commitment for Title Insurance is completed, it is sent out. This document is the escrow/title company’s commitment to insure the title of the property subject to exceptions and requirements listed in the commitment.
