A title company coordinates the interests of all parties, including the buyers, sellers, real estate agents and mortgage lenders. They make sure that all the requirements for settlements are fully satisfied. The accuracy and the completeness of the title process involve the following process:
- Conducting a survey: The premier title company orders a survey, with the buyer’s authorization, and review any potential problems.
- Title Abstract: A research is conducted on the title of the property through title abstract, which provides a history of the property and ownership.
- Title insurance policy: The title company prepares the insurance commitment for the lender’s title insurance policy and issues both owners and lender’s coverage.
- Property taxes: Verification is conducted with the local or state taxing authority that the property taxes are up to date.
- Loan document closing: The title company coordinates with the mortgage lender to receive the loan closing documents.
- Closing: The representative of the title company explains all the documents to the parties before the signing ceremony.
- Documents recorded in the courthouse: A responsible title company makes sure that all the documents are recorded in the courthouse.
If you are really want to resolve title dispute then you can get in touch with Elite Title Company Inc in Bella Vista and Siloam Springs Arkansas. They provide you with fast and accurate information that enables you and your client to make sound business decisions. To acquire more information on them you can visit them at http://elitetitle.com/ or you can give them a call at (479) 756-015.
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