The direct sale of any piece of real estate will require professional inspectors, realtors, and attorneys. This can often become overwhelming for many people who try to handle every element on their own without the proper background knowledge or experience. However, with the help of a real estate title company, you can streamline your entire sale or purchase process.
Real estate title companies are very important to protecting the buyer or seller and can help to ensure all of the proper paperwork is in place and legally followed. A title company not only helps to move the transaction process along, a title company also provides proper protection to the lender.
Here are some of the top reasons you may need to hire a real estate title company:
- Assistance With Your Title Search
- Breach of Contract
- Issues With Your Title Insurance
- Property Closings
assistance with your title search
For some, access to the entire history of a potential new home, especially if it is a new piece of property might be unavailable. Home history is not only useful because it can provide more background to the property, it can also play a huge role in the sale of your home in the future. A real estate title company will be able to dig through public records to find anything relating to the title of the property in question. With this information, a title company can look for anything that could make the transfer of ownership less than clear.
The role of a real estate title company is meant to help verify that the person selling the property has a legal right to do so, as well as find clarity on any potential issues connected to the property itself. Assistance with your title search could include identifying existing liens, unpaid taxes, easements, leases and much more. Depending on the real estate title company you work with, your attorney may be able to obtain a property survey to verify the location of the property lines and to find any other issues before the sale is completed.
Commercial real estate closings in Nashville necessitate an experienced real estate attorney. Visit Rochford Law & Real Estate Title today!
breach of contract
As with any purchase or sale of a piece of property, there are on occasion breaches in your original contracts. With that in mind, a contract is issued when a property sale has been initiated. This contract holds each party responsible for the proper completion of each aspect. A failure to adhere by the stipulations of any section of the contract can leave a party open to possible litigation. A real estate title company will have the direct knowledge and experience to help you in your time of need.
issues with your title insurance
While a property title search tends to be thorough, there will always be a chance that another issue is found in the future. With this in mind, if you do come across issues with your title insurance or property, don’t worry. A real estate title company will be able to offer two different types of insurance options.
Lender's Policy
Your title insurance policy will likely be required by the institution that provides the loan to the homebuyer. This type of policy will be in place until the full amount of the loan is paid off. Lender policies can extend protection only to the financial institution in the case of future title issues.
owner's policy
This type of policy protects the buyer from potential title issues. This policy is generally optional, but it is recommended in most cases. In most purchasing agreements, the coverage will last as long as the homebuyer owns the property.
property closings
When it comes time to close on your property, your real estate title company may also be able to act as the closing agent for your final transaction. A title company will send a representative to arrange the closing process and compile any and all necessary documentation. This process will often include the need for verification of the necessary funds as well as acting as the escrow agent to disperse them when necessary.
As your close on your piece of property, the real estate title company will act as a neutral third-party to assist when necessary. They will not be able to seek advantages for their client, but instead can make sure everything is properly addressed, signed, and filed. These services can prevent any issues that arise later on in the process of a legal transfer of a piece of real estate.
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!
