The first part of the home buying process is learning about your financing options, finding a property, and getting your offer accepted. Then you’ll need to secure funding, get homeowner’s insurance, and protect your investment with an owner’s title policy. (Don’t worry, we will help you with that.) Then we’ll gather all the legal documents, close your loan, and handle the money involved in your sale or purchase.
Title insurance is an insurance policy that covers you if title problems come up after you buy or refinance a property. Possible complications that cannot be discovered through even the most thorough title search include lost, forged or incorrectly filed deeds. Without title insurance, you are not fully protected against errors in public records, hidden defects, or mistakes in the examination of the title. In essence, you could be personally liable for any prior liens, judgments, or claims brought against your new property. With title insurance, if this occurs, you will be defended at no cost against all covered claims up to the amount of the policy. Remember, your lender will require a lender’s title insurance policy to cover their interests- make sure you secure a policy that secures yours.
We’re here to make this process as easy as possible, for all parties involved. Stay completely up to date throughout every step of your next closing with our closing timeline updates. Receive easy to understand status updates via email and text when major milestones are met, including what fees to expect at the closing table. Close simple. Close with confidence.
Please be aware that there are many schemes related to wiring funds for real estate transactions. Commerce Title communicates with buyers and sellers in a very specific and certain fashion when it comes to wire transactions. Always verify with Commerce Title through an established phone line, or with your lender or your Realtor before sending a wire transfer!