Services for Lenders, Attorneys and Realtors
Title Commitment – a written commitment to insure title with a list of exceptions to coverage. All current information with regard to the property will be shown: current owner, title vesting, legal description, tax information, open mortgages, liens, judgments, easements, restrictions, etc. The Title Commitment will have a list of requirements that must be met before a title policy can be issued.
Owner’s Title Insurance Policy – once all requirements of the title commitment have been met, an Owner’s Title Insurance Policy will be issued that insures the buyer’s investment or equity in the property up to the face amount of the policy.
Lender’s Title Insurance Policy – once all requirements of the title commitment have been met, a title insurance policy will be issued that insures the lender’s interest in the property as security for the outstanding balance under the borrower’s mortgage.
Insured Closing – we will meet with the borrowers, explain all documents to them including the loan documents, notarize their signatures, record the documents, disburse funds, payoff any liens on the property, and satisfy all requirements of the title commitment and those of the lender.
Witness Only Closing – we will meet with the borrowers, explain the documents to them, notarize their signatures and return the documents to the lender for disbursement and recording.
Ownership Report – a written report which shows the current owner, title vesting, legal description, tax information and list of all open mortgages, liens, and judgments, on the subject property. No insurance is provided with the Ownership Report.
Letter Search – a written report which shows a complete chain of title from a specified date to the present current owner, with legal description, tax information and list of all open mortgages, liens, judgments, easements, restrictions, etc. on the subject property. No insurance is provided with the Letter Search.