Title Company

(redirected from Title Companies)

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Before that, he held inhouse Counsel positions for a variety of title companies.
Unfortunately, most title companies no longer accept a simple affidavit as sufficient proof of heirship.
Hackers are contacting individuals involved in actual real estate transactions and trick them by using sophisticated language and similar email addresses/logos of real estate and title companies. It has been reported that individuals across the U.S.
Independent title companies see mortgages as a service.
1, the way lenders, real estate agents and title companies work together will change completely.
"Title companies are a natural extension of the mortgage business," Ron Honeycutt, chairman of Credit Union Services of East Tennessee, said.
The question of whether attorneys handling real estate transactions can allow title companies to audit their trust accounts, which have deposits from clients not using that title company, has stymied--for the moment--the Bar's Professional Ethics Committee.
3 October 2012 a[euro]" US advanced information solutions firm DataQuick, part of Decision Insight Information Group Inc, said it had finalised its takeover of Minnesota-based title and settlement services provider ATI Title Companies, which does business as Rels Title.
IACREOT's Eagle Award recognizes Youngblood's implementation of high tech advancements that allow his staff to instantly record documents and eliminate a menths-long recording backlog as well as save time and money for resisdents, government agencies, banks, title companies. attomeys and other businesses that rely on the register's office to process documents.
"The Financial Services Committee is concerned about recent investigations by state regulators revealing that title companies have made payments for referrals to developers, mortgage lenders, and real estate agents in violation of the Real Estate Settlement Procedures Act," Oxley said in his request.
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.