Skip to main content

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!
Labels:

Comments

Post a Comment

Popular posts from this blog

Stress Free Home-Buying

We know buying a home can be a stressful and lengthy process, but it doesn’t have to overwhelm you. It’s easy to let your emotions run wild when choosing a place to live and raise a family, but by understanding key steps to the home-buying process, you’ll make the best decisions for your home purchase. Here are some important factors to consider before purchasing a home : What are you looking for in a home? (size, style, location etc.) How much can you afford? Have you saved for a down payment? What is the housing market like? Are you in the right life stage for home-buying? If buying a home is the best step for you, here’s how to get started. Save, Save, Save! Save for a down payment. Don’t let financial stress overshadow the joy of buying a home. Consult with a Lender Determine how much you can afford to spend and find a loan option that’s right for you. Find a Realtor and Title Agency Y ou will need expert help in finding and securing y...
Post a Comment
Read more

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 d...
Post a Comment
Read more

What Is Title Insurance?

It feels good knowing both you and your home are protected with title insurance.  What is title insurance? You may know that it protects your ownership, but what does that really mean, and how does that benefit you? Keep reading on as we get to the bottom of these questions.  The function of title insurance is to protect your property ownership. What many do not understand about title insurance is that it is a fundamental part of homeownership that can save you thousands (even hundreds of thousands) of dollars in the long run. For example, you are required to have a clear title if you would like to sell your home in the future and get a return on your investment. Another example is that, without title insurance, it may be hard to decipher whether you truly own your title (surging title fraud has made this problem even more difficult). If you don't, you technically do not have any legal rights to your property. This makes you susceptible to blindsiding property loss at any give...
Post a Comment
Read more