- By Tom Cruze
- Published 02/26/2011
- Article Writing
Before going ahead and buying a property, you must first evaluate its pros and cons to avoid any unwanted consequences in the future. Real estate transactions should be handled diligently and you would want the services of a Title company to make sure your real estate transactions run smooth.Title companies, like Speedy Closing and Title Services, makes certain that the transactions involving property acquisition are in good faith and legal. Processes involved can be choosing the property to buy to facilitating property title check, property preparation and title insurance.Title companies also do an ‘abstract of title’ by hiring lawyers who will investigate any unfavorable facts or events surrounding the history of the property. With abstract of title, legal owner of the property, unpaid taxes, mortgages, judgments, and property restrictions are determined. If an abstract of title is not done properly, buyers will most likely be face to face with problems like: back taxes, claims, and second mortgages for acquiring the property. Surely you would want to make sure that the title company you choose won’t fail to recognize the said problems.When the title has been cleared of any problems, title companies will then prepare a Title Insurance Commitment. A Title Insurance Commitment details the insured parties, coverage amounts, current property owners, legal description of the property, and requirements that need to be met before a deed of property can be issued. Not to worry because the title company you will choose would prepare all the needed paperworks for the transfer and purchase of the property. Should there be any problem that would arise in a transaction, your chosen title company will be the one to take care of it and correct it.
When all the
transactions have been settled and completed, the deal is now expected to be closed. Involved parties will then exchange necessary documents and hand the title to the new owner. Title companies will be the one to collect the payments from the buyer as well as settlement costs from each party. When transaction expenses have been settled, the title company will then hand the net proceeds of the sale to the seller.Different from a Title Insurance Commitment, the last document a title company will prepare is a title insurance. A title insurance details the security and monetary reimbursement a buyer is entitled to depending on the policy he got.Now that you know what Title Companies do, you can now make an informed decision when purchasing a real property: the cost it involves and the process you will have to undergo. Speedy Closing and Title Services provides witness only closing agents to secure loan settlements for the real estate and homeowner loan communities nationwide. If you want your real estate transactions to run smoothly, without the headaches and hassles, then Speedy Closing and Title Services is your best bet!Speedy Closing Services was formed in 2000 with the motive of offering best of title and closing services to its customers. We are not just any company asking for your services but we are experienced professionals who work hard to help you grow your business by providing all kind of conveniences to your customers as far as real estate title and closing services are concerned. We have seasoned closing agents who work round the clock to secure loan settlements for the real estate and homeowner loan communities nationwide. Most of the time it has been noticed that due to lack of time completing closing services take lots of time, which further delays the whole process. We have agents who will travel to your client’s home and to their place of employment to perform speedy closing.
Before going ahead and buying a property, you must first evaluate its pros and cons to avoid any unwanted consequences in the future.
by Tom Cruze