In real estate, it refers to the legal ownership of a property.
What Is Title Insurance?
An insurance policy that protects you and the lender and covers the loss of ownership interest in a property due to legal defects. It’s required if the property is under a mortgage.
How Much Is Title Insurance?
It varies depending on the contract price, loan amount, and coverage. Please reach out to info@yourhomesettlements.com for a personalized quote.
What is "Settlement" or "Closing"?
Settlement is the completion of a real estate transfer from the seller to the buyer. Closing is just another way of saying settlement.
What Do I Need To Bring To Settlement As A Buyer?
You need to bring:
An valid and legal government issued photo ID
Wire confirmation of your funds (if you owe more than $5,000)
An original Power of Attorney (if applicable)
Where Does The Settlement Take Place?
Any time or location most convenient for all parties!
How Long Is Settlement?
Any settlement can take 30 minutes to one hour.
What Is The Difference Between Title And Deed?
Title defines property ownership, whereas a deed is used to transfer property ownership and is filed in the county where the property is located.
Reach out today to start your journey toward confident, secure homeownership with expert support.
