Murray

Many of you may wonder “What does a title company do”???  There are many things a title company does, but the main one is to be a facilitator during your home buying process.  Once an offer on a house is accepted you will pick a title company and make sure they have a copy of the contract.   They will also issue you title insurance to insure that when you purchase the property that you own the home free and clear.   The title company is also who will prepare all of the closing documents.  They will also walk you through those papers when you go in to the title company to sign the documents.   Below is a list of many of the responsibilies of a title company.

• Preparing the closing documents for all the parties
• Paying off the loan of the seller
• Walking you through the paperwork at settlement and answering questions
• Paying off the seller’s loan
• On occasion depositing the buyer’s earnest money check
• Coordinating paperwork between all parties involved
• Prorating annual property taxes and other items such as rents collected if necessary
• Coordinating the funding of the loan
• Dispursing checks and commissions
• Preparing and recording deeds and other necessary documents