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.
References in periodicals archive ?
This is unconstitutional discrimination against out-of-state title companies in favor of in-state title companies.
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.
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.
Improved Tool Allows Title Companies to Offer Lenders Buyer/Seller Transfer Tax Splits
We'll show how title companies can provide responsive and personalized services in a timely and cost-effective manner while treating employees like family.
Title companies issuing new fee policies in either situation must be involved in the drafting of the deed in lieu affidavit and the deed itself to ensure the correct non-merger language is included.
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.
By utilizing the same historical data which title companies have relied on for years, Title EDGE provides a consistent title commitment result that meets today's rigorous lending requirements.
You can contact five different title companies and ask them what they charge for a settlement fee and be told five different amounts.
It is interesting that in upstate counties, where the attorney is not involved in the initial preparation of the contract of sale, the title companies may have less involvement because an abstract of title is prepared by the seller's attorney, and sellers typically give full warranty deeds.