For a residential property owner, a title company provides several key services that help ensure a safe and legally sound property transaction—whether you’re buying, selling, or refinancing a home.

🏡 Title Company Services for Residential Property Owners

1. Title Search

• Investigates the property’s ownership history.
• Identifies issues like:
  • Liens (e.g., unpaid taxes, contractor bills)
  • Easements
  • Boundary disputes
  • Fraudulent claims

2. Title Insurance

• Owner’s Title Insurance: Protects you (the homeowner) against undiscovered issues after purchase.
  • One-time payment at closing.
  • Covers things like undisclosed heirs, forged documents, or errors in public records.
• Lender’s Title Insurance: Required by most mortgage lenders (but protects only the lender).

3. Escrow Services

• Acts as a neutral third party to hold and disburse funds (like earnest money).
• Ensures that all parties meet contractual obligations before money changes hands.

4. Closing and Settlement Services

• Coordinates the real estate closing process.
• Prepares and reviews all legal documents:
  • Deed
  • Closing disclosure (CD)
  • Bill of sale
• Explains documents during the signing appointment.

5. Document Recording

• Files the deed and mortgage with the local county clerk or recorder.
• Ensures your ownership is officially recorded and legally recognized.

6. Lien Payoffs

• Helps pay off any existing mortgages, taxes, or judgments tied to the property before transfer.

7. Refinancing Support

• Assists with issuing a new lender’s title policy and handling escrow for homeowners who are refinancing their mortgage.

🎯 Why It Matters for Homeowners

A title company ensures:

• You receive clear legal ownership.
• You’re protected from hidden legal risks.
• The closing process is smooth and accurate.