Experienced Legal Advice for Real Estate Transactions
Protect your investments and navigate complex transactions with McGowan Rogers
Prior to Closing
Prior to Closing
Prior to Closing
- Conduct Title Search
- Coordinate all aspects of title services with appropriate parties
- Prepare all necessary documents
- Schedule settlement
During Closing
Prior to Closing
Prior to Closing
- Account for all funds
- Review closing documents
- Disburse all mortgage loan or sale proceeds
After Closing
Prior to Closing
After Closing
- Satisfy all lender requirements
- Record Transfer Documents
- Issue Title Insurance Policy
Why Title Insurance?
Owning real estate is one of the most precious values of freedom in this country. You want the assurance that the property you are buying will be yours. Other than your mortgage holder, no one else should have any claims or restrictions against your home.
Title insurance is issued after a careful examination of the public records. But even the most thorough search cannot absolutely assure that no title faults are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search. Title insurance eliminates any risks and losses caused by faults in title from an event that occurred before you owned the property.
Title insurance is different from other types of insurance in that it protects you, the insured, from a loss that may occur from matters or faults from the past. Other types of insurance such as auto, life, or health cover you against losses that may occur in the future. Title insurance does not protect against any future faults, but does protect you from risks or undiscovered interests. Another difference is that you pay a one-time premium for a policy that remains effective until the property is sold to a new owner - even if that doesn't occur for decades.
