What's the role of a Title company? Did you know that, when you buy a home, it's the buyer's responsibility to choose a Title company? What should influence your choice of a title company? Are there any liens or judgments on your home that you don't know about? Do you have questions about 1031 exchanges including reverse, construction, mixed-use and personal property exchanges?
The John McFadden Team can answer any questions you may have about Title companies and the roles they play in real estate transactions.
Title companies offer many services. One of these is the Title search through which the company provides a variety of information services with varying limits of liability. A search will provide information on the last owner's mortgage and judgments (if any), property reports, mechanics' liens, and secured transaction searches. In a real estate transaction, a search is conducted at the request of the buyer's selling agent after both buyer and seller have signed an Agreement of Sale.
Before a final Title policy is issued, all problems and risks disclosed by the Title search are examined, evaluated, and resolved. Title insurance protects the homebuyer from any carry-over deficiencies or problems resulting from the chain of ownership and any liens or encumbrances that have been placed against the property.
The John McFadden Team can also recommend a Title Company that can provide you with a complete line of residential and commercial title insurance products and services with the utmost in customer service. Call us at (610) 566-1340 or send an e-mail to firstname.lastname@example.org.