Title Insurance guarantees ownership interest in real estate. It eliminates risk and prevents losses caused by defects in title arising out of events that have happened in the past. Title insurance guarantees that there have not been any title problems prior to the time a policyholder takes title. A Title Policy is issued for a one-time reasonable fee.
A full range of Owner's and Lender's coverages are available including Extended Coverage and Endorsements.
Record of Title Reports (O&E's), Mortgage Guarantees, Foreclosure Certificates, Litigation Guarantees and other special reports are available.
Frequently Asked Questions:
What are "good funds?" Good funds are those funds deposited in our escrow account to which we have an absolute right of withdrawal. By agreement with our bank "good funds" are either a wire transfer which has been received by the bank and deposited to our escrow account, or a cashier's, teller's or bank check which we have deposited. Personal checks, checks on investments accounts and similar instruments required five banking business days to clear and become "good funds." If you need to fund a transaction with this type of instrument we can estimate your required funds and you can deposit a sufficient amount in advance to cover the closing so the instrument can clear. We will refund any excess to you at disbursement from closing.
Can I close by mail? We are happy to handle mail-out closings. A mail-out charge may be made to cover the costs of express charges and postage costs, long-distance phone and Fax calls and letters of instruction. We will accept Fax signatures on documents with the agreement the original will be sent to us. We cannot accept Fax signatures on legal documents. Documents to be recorded or filed or documents such as Promissory Notes must be originals.
