Any direct sale of real estate will require the services of professionals including inspectors, realtors, and attorneys. When people try to manage all of this on their own without adequate background knowledge or experience, the task can quickly become overwhelming. The best way to streamline your sale or purchase is with the assistance of a title company.
An estate title company is very important in protecting the buyer or seller and ensuring that all the proper paperwork and legal requirements are met. Additionally, title companies provide lenders with protection and help them move the transaction forward as smoothly as possible.
Here are five reasons you need to hire a real estate title company:
- Help Finding Your Title
- Infringement of Contract
- Title Insurance Issues
- Closing Transaction
- Work With an Experienced Attorney
help finding your title
The availability of the entire historical records of a new house is not completely accessible to some, especially if it's a new house. Besides being useful for providing more background on a property, home history can also make a huge difference in the sale of your house in the future. Any title related to the property in question can be found in public records by a real estate title company. When a title company has this information, it can spot anything that may hinder the transfer of ownership.
An agent for a real estate title company helps verify that the individual who is selling a property has the rights to do so and can clarify any issues related to the property itself. In addition to finding existing liens and unpaid taxes, we can also identify easements, leases, and other details as part of your title search. It is possible that your attorney can obtain a property survey from the real estate title company you work with to ensure that the property lines are accurate and that there are no other problems prior to closing the sale.
Commercial real estate closings in Nashville necessitate an experienced real estate attorney. Visit Rochford Law & Real Estate Title today!
infringement of contract
It is not uncommon to find breaches in your original contract when you purchase or sell real estate. According to this document, each party is responsible for ensuring that all aspects of the contract are completed properly. A party that fails to follow the stipulations of any contract section may be subject to legal action. The experience and expertise of a real estate title company can help you in times of need.
title insurance issues
There is always a possibility that an issue is found after a title search has been conducted. Considering this, you shouldn't be alarmed if you come across issues regarding your title insurance or property. Generally speaking, your real estate title company will be able to offer two different types of insurance options. Either a lender’s home policy or an owner’s home policy. Lender’s policies will be in place until the full amount of the loan is paid off, whereas owner’s policies assume coverage as long as the homebuyer owns the property.
Closing transaction
You may also be able to assign your real estate title company the responsibility of acting as closing agent for your final transaction when you close on your property. To complete the closing, a title company representative will assemble all the necessary documentation. Verifying the funds as well as acting as the agent for the disbursement of the funds when necessary will be part of this process.
The title company acts as a third-party neutral in cases where any assistance is needed as you close on your property. Clients will be able to become unbiased, as they will not be able to get an advantage, but rather will be able to make sure everything is signed and filed properly. A legal transfer can be achieved by utilizing these services in order to prevent any issues that may arise later on.
Work with an experienced attorney
Working with an experienced real estate attorney like Rochford Law & Real Estate Title in Nashville, TN can save you time and money in the long run. It’s best to cover all your bases and get through a real estate transaction with as little problems as possible. However, it’s comforting to know that should a dispute pop up, a real estate litigation attorney can help find a resolution. Contact Rochford Law & Real Estate Title today!
