eTitle Insurance Agency facilitates real estate closings for sellers and homebuyers. The identification and elimination of title risks is critical to a successful sale of real estate and the key to avoiding unmarketable title and future claims.
Our role in the sale of real estate usually begins with a title insurance quote or when a property is listed for sale. We help sellers and their agents identify and gather important information like plat maps, restrictive covenants (CCR’s), easements and other property information which is used to prepare important seller disclosures, preliminary title report and list the requirements necessary to correctly transfer the legal ownership of the property.
The Real Estate Purchase Contract (REPC) requires that much of this information is shared with buyers.
When an offer is made on a property, our escrow staff begins preparing for settlement and closing. This important work includes clearing the title and drawing up deeds for the property transfer. We also review purchase contracts, lien releases and payoffs, and lender instructions so the title can be properly conveyed.
The Settlement Statement or HUD-1 is also prepared to disclose costs and fees shown and reflect the terms of the transaction. When documents are signed and settlement is finished and documents are recorded, the money is then transferred.
We also act in a fiduciary capacity between the buyer and seller to collect and verity good funds are received and the conveyance deeds are recorded, insurance policies are issued and the written instructions have been followed.