Title Company

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Title Company

A company that conducts a title search, which is research done to trace a title back to its original owner or back to some date dictated by statute. A title search is done before the sale of property to ensure that there are no competing claims for the same property. Paying a title company is part of a real estate sale's closing costs.
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The County of Warren wishes to qualify title companies for the use by the Warren County Department of Land Preservation.
One trend is that both buyers and sellers involve title companies much earlier in the deal process than they once did.
The calculator's ability to provide transfer tax allocations between buyer and seller, based on local custom, practice, or statute, makes it easier for title companies to provide lenders information regarding which party is responsible for payment.
TITLE COMPANIES IN NORTHWEST Arkansas are feeling the pain of the real estate slowdown more sharply than firms in other areas of the state.
Though the inquiries continue to morph as they expand to look at more areas of the industry, essentially the probes have grown out of concerns raised by regulators in California, Colorado, Washington and Florida--and the federal Department of Housing and Urban Development--that title companies were entering "phony" reinsurance treaties with captive reinsurers owned by builders and real estate firms as a means to circumvent state and federal prohibitions against the payment of referral fees on title insurance business.
However, title companies have come under particular pressure to act as counter-terrorism snoops: According to Treasury Department spokeswoman Molly Millerwise, failure of a title company to conduct a "Patriot Name Search" of prospective homebuyers could result in fines of up to $65,000 under the Trading with the Enemy Act.
Escrow companies serve as repositories for money that changes hands while a sale is being completed and title companies make sure the property being sold is in fact owned by the seller and not encumbered by any liens or judgments.
By adding discounted refinance rates to our service offerings, we are enabling mortgage lenders and title companies to provide their clients with the most accurate pricing information available and enabling borrowers to save money on their refinance transactions," said Paul Mass, president of ClosingCorp.
It is the Citys intent to pre-qualify eligible Title Companies for use annually on an as-needed basis, to be retained for service by specific project.
Because loan policies provide insurance to reverse lenders that their valid mortgages are in first lien priority, title companies must make sure that the various reverse mortgage requirements relating to title are met.
Dublin, California, announced they have formed a strategic partnership designed to create an electronic link between title companies and brokers.
Two other bills in the Assembly would alter the relationship broker-owned title companies can have with their real estate agents and allow the agents to be compensated for placing prospective home buyers with title companies.