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What Does a Title Agency Even Do?

 

When you're looking to purchase or sell a home, the closing process can often be a confusing part of the process. Many people, and Southern Title of Ohio agrees, don't take on this process alone and enlist a title agency for help navigating this part of the process. Many wonder, however, what does a title agency even do? And do I need one? Today, we'll outline just some of the functions of a title agency and why it's important to choose Southern Title of Ohio!

Purchasing a Property

When closing on a home, there are a variety of reasons that you should go with a closing agency. First, it is important to make sure that when purchasing a home, you are buying from the legal owner. While this may seem strange, there are instances in which the buyer is technically not buying from the real owner, complicating the purchase. Furthermore, it is important to be aware of and understand any restrictions on the home. These restrictions could be related to municipalities or utilities. Also, to accurately budget for your new home, a title agency will make you aware of any taxes that come with the home. Finally, Southern Title will help find any liens that still may be on the home.

When You Need Southern Title

Other than purchasing a home, there are still a variety of instances in which you will need to enlist a title agency. One instance is when you are looking to mortgage a home. Some banks require a bankruptcy search on the property before lending to you. A title agency will search your home and handle this on your behalf. Furthermore, is you are an heir to a property, you'll likely need to do some searches. A title agency will look for liens and the other restrictions mentioned above! Finally, if you're looking to develop or subsidize land, we'll have your back through the process!

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