When all of the parties have been assembled at a time they have prearranged, the papers and fees will be explained by the Escrow Officer and the papers will be reviewed and executed. The escrow company assumes the responsibility of collecting all funds necessary for the transfer and the prompt and accurate disbursement of such monies. After the closing has taken place, the title company will make sure that the legal documents have been filed for record and all of the necessary paperwork returned to the appropriate parties, all outstanding liens have been fully paid, and the title policies prepared and sent out. The Title Company plays an important role in the purchase and sale of real estate and has constant involvement from the time the contract is signed until the completion of the transfer of title. They strive to assure that this complex procedure is carried out in compliance with the instructions of all the parties involved and in the most pleasing and efficient manner possible.
Service is of utmost importance.
Of course, this article is designed to give a general overview of the role of a title company, and does not answer all of the questions which could arise, or questions unique to your transaction. Feel free to contact Dave in any of the ways below with any questions or concerns you may have. All rights reserved.