In the real estate purchase and sales process, it is important that you will be able to choose a good title company to lead the closure. Having a good company will enable closure more quickly and smoothly. Take your time in deciding which company to choose.
If you are not sure what to expect from a title company, here is an overview of what they do:
1. The company offers the best national default title services and it initially prepares the abstract of the title. Although this is only an abstract, it requires a lot of work because they have to check the locality where the property is located and check the records.
2. The Company will release an opinion letter. They will also issue a Title Insurance Commitment for mortgage lenders. This document will mark the beginning of the settlement process to achieve a good title.
3. During the processing of the title, the buyer companies will tend to send a survey company to survey the property to ensure that no surveys on the property issue.
If there is a problem that cannot be explained on the title, the seller may be required to provide the necessary documents such as a death certificate, divorce decree, and will among other things.
4. After processing the title, the company will then set the closing time. Both buyers and sellers will go to the company at the proper time to make closing and will provide a lot of documents to sign.