The Guide To Title Company And Its 3 Key Responsibilities

Abstract

About Title Company In Real Estate When you are in the process of buying or selling a real estate property you might have multiple contact points at every step of the process. What Is A Title Company? A title company is a neutral party that has many responsibilities during a real estate sales transaction. The title company enters the process once the buyer and the seller sign the sales contract. II - Title Insurance: They will also provide a title insurance policy to protect the buyer's ownership rights. If there are any claims or liens that were missed during the title search, your title insurance will cover the same. III - Escrow and Closing: Once the sales contract is signed, the title company will hold the earnest money deposit paid by the buyer in an escrow account till the closing. Conclusion Title companies play a very crucial role in the home buying process.