Title

 

Title Search

The title company will conduct a title search to ensure the property is legitimate and find if there are any outstanding mortgages, liens, judgments, restrictions, easements, leases, unpaid taxes, or any other restrictions that would impact your ownership associated with the property.

 

Title Insurance

Once the title is found to be "clear", the title company will issue a title Insurance policy that protects lenders and owners against claims or legal fees that may rise over ownership of the property. This is required when obtaining a mortgage and is highly recommended even if you are paying cash.

 

State Regulated

This will also be a part of your closing costs, and the fees are state-regulated, which means every title company will charge the same amount for title insurance, making It easier for you because you don't need to "shop around"