A titleThe right to, and the ownership of, property. A title or deed is sometimes used as proof of ownership of land. companies role is to ensure the title of a property is legitimate. Title companies issue title insuranceInsurance that protects lenders and homeowners against legal problems with the title. to protect sellers, lenders, and buyers from claims resulting from disputes over a title. By researching title history and paying off existing liens and judgments, most claims are resolved at the time of the transfer.
Title companies manage the closingThe process of completing a financial transaction. For mortgage loans, the process of signing mortgage documents, disbursing funds, and, if applicable, transferring ownership of the property. In some jurisdictions, closing is referred to as “escrow,” a process by which a buyer and seller deliver legal documents to a third party who completes the transaction in accordance with their instructions. See… process paying all claimants in full at closing. Attorney’s own and operate title companies. The attorney files legal documents at the county of record to complete the transfer establishing whom is the owner of record of the property.
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