You joyfully pick up the keys on closing day, and leave the office triumphant, a thick folder from the title company under your arm.
The title company played a starring role in your day. At least it did if a mortgage is involved! Cash buyers need not hire experts to run a search on the home title, because there’s no lender to protect. But even where buyers pay cash, most people don’t have the time to handle their own title searches.
Thus, most purchases typically involve title companies. A title company provides security and confidence. No new homeowner wants to worry about potential issues or discrepancies in the property’s ownership history.
Continue reading “Behind the Scenes of a Home Purchase: What’s Your Title Company Doing?”