Below you will find commonly asked questions that provide insight into the world of title. If you have additional questions, please feel free to reach out to our team via the Contact form on the home page. We look forward to helping you!
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What is the purpose of title insurance?
Title insurance is a risk prevention policy that protects the buyer from potential title issues throughout ownership.
What are the steps from contract to closing?
Contract Signed by Parties
Title Commitment Requested
Title Examination Performed
Underwriter Review of Title
Title Commitment Issued
Defect Curation
Closing Proceedings
What is the cost associated with title insurance?
The price for title insurance is based on the value of the property being covered by the policy. The policy requires an one-time fee at closing. Texas Title Insurance Basic Premium Rates can be found here.
What does a title policy help to protect against?
Fraud
Forgery
Recorded and Unrecorded Liens
Legal Actions
Claims By Heirs
Errors in Recording
What do we do for you as your Escrow Agent?
Process documents
Deposit funds
Keep all parties informed along the way
Coordinate legal document preparation and title work
Prorate taxes and other items
Prepare the closing settlement statement
Obtain proper signature
Disburse funds to the appropriate receiver
Record the deed and other documents
An escrow is an agreement where a third party with no interest in the transaction, usually the title company, holds legal documents and funds on behalf of the buyer, seller, and lender and distributes them according to their instruction. This arrangement allows all parties to the transaction to move forward with the escrow agent acting as the central point of contact.