|
||
Last Updated: Nov 27, 2024
|
Letter Reports Title search from the acquisition deed of the current owner forward, to provide current title vesting information for the owner, legal description and tax information, and disclose outstanding mortgages, liens and judgments. Title Insurance ââTitle insurance provides protection to the insured against loss or damage due to title defects. The policy is backed by the title insurance underwriter and serves as a written guarantee that the underwriter will undertake, at its expense, the defense of title in legal actions or proceedings alleging the title to be other than as insured. A policy of title insurance protects against future losses arising out of events that may have happened in the past. This includes mistakes in recording of legal documents, forged documents, undisclosed or missing heirs, liens, and fraud. Closing Services ââServices to facilitate the closing of a real estate transaction in accordance with the Offer to Purchase. Duties include communication with all parties to the transaction, preparation of closing documents, conducting the closing, collecting and disbursing funds and delivering legal documents to the Register of Deeds for recording.
Closing protection letters are available to lenders where we prepare the HUD, conduct the closing, and collect and disburse funds according to the lender's instructions. |