What is The Process of Buying Property?
Let’s say you decide to buy a beautiful piece of land for you and your family. There is a process you must go through in order to make sure you can make sure the title will be yours without any obstacles popping up in the future. You need to purchase title insurance which is taken care of by title companies. You probably have many questions about this process, we want to shed some light on a couple of frequently asked questions.
What do Title Companies do?
When you bring the beautiful piece of land’s title to a title company, an experienced escrow officer, like Debbie Salinas, will make sure that the real estate is legitimate. They will conduct a title search which examines property records to make sure the previous owner does, in fact, own the property legally. Once everything checks out, your trusted company issues the insurance.
What is Title Insurance?
A title insurance policy protects lenders or owners against claims or legal fees that may surface over ownership of the property. There are two main types of title insurance, owner’s title insurance, which protects the property owner from title issues and lender’s title insurance, which protects the mortgage company.
After finding the home or property of your dreams, make sure you select the right fit when it comes to title companies. Here at Neel Title Corporation, we strive to make your property your own with as little hassle as possible. Contact us today to get information or get title insurance at (956) 723-6346 or stop by at 1202 Welby Court Laredo, Texas. Hope to hear from you soon!