WHAT DOES A TITLE COMPANY DO?

18 May

A title insurance policy protects a real estate owner or lender against any loss or damage they might experience because of liens, encumbrances, or defects in the title to said property, or the incorrectness of the related search.

Title insurance protects against claims from various defects such as another person claiming an ownership interest, improperly recorded, fraud, forgery, liens, encroachments, easements and other items that are specified in the actual policy.

After the escrow officer or lender opens the title order, they begin a search of the public records including the County Recorder, Federal and State Agencies, and County and City Offices.  A Preliminary Report is issued to the customer for review and approval.  All closing documents are recorded upon escrow’s instruction.  When recording has been confirmed, demands are paid, funds are disbursed, and the actual title policy is typed and sent to the insured.

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