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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The Difference Between Title Insurance and Homeowners Insurance

Title insurance and home insurance are often terms used together. However, they are two separate ideas. Because both title and homeowners insurance plans involve the home, you may have heard the terms used synonymously. And, although we understand the assumption that they are the same, they refer to two different things. Both are important for different reasons: The main difference between homeowners insurance and title insurance is that one protects you against property damage, while the other protects your property ownership. Homeowners insurance protects you against property damage. This protection includes any items inside your home. Property damage covers any possessions in the case of theft and even protects you in the event that an injury occurs to a guest inside your home. It does not protect you should a person claim to have title rights to your home, however. Title insurance protects your property ownership. Title insurance does not cover infestations, fire damages, or oth

The In's and Out's of Land Contracts

Land contracts have started to see growth and have become a creditable option for homebuyers to use since the mortgage crisis of 2007-2010. They are used when a buyer is not willing to go through a bank or other type of mortgage company, or when they may not have the credit score they need or meet the qualifications of the application for the house they want. But what is a land contract, and how does it work? What are the pro's and con's of obtaining a land contract? At Southern Title of Ohio , we believe it is important to know what you are getting yourself into, so in this article we will go over these topics so that you know if this option is right for you. A land contract is a written legal agreement that is used to buy real estate, such as vacant land, a house, an apartment building, a commercial building, or any other kind of property. It is similar to a mortgage, but instead of borrowing money from a lender or bank, the buyer makes payments to the real estate

The Benefits of Working with a Title Agency

Acquire a secure and smooth title transaction for your new home with Southern Title of Ohio. You might think having a title agency on your side isn't necessary, but you'd be surprised by just how many little hiccups could come along in the process of homeownership. We've listed some of the ways we can assist you while encountering some of those hiccups: Title Insurance Title insurance is especially useful in the event that the current owner of the home has a lien claim on the property due to substantial debt. Another reason title insurance is so beneficial is that the transaction process can be complex when family members and rightful heirs of the property are not notified. This could result in a complicated series of events and questions regarding who should claim the property, so it's good to trust a title agency like Southern Title for that extra layer of protection. Title Search Services The title agency you choose to work with should offer extensive searches th

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