Well, when a property is financed, bought or sold, a record of that transaction is generally filed in public archives. Likewise, records of other events that may affect the ownership of a property, like liens or levies, are also archived. When you buy title insurance for your property, a title company searches these records to... Read More

Once your offer on a home or other real property has been accepted by the seller, your transaction is then placed into “escrow.” “Escrow” is a term that describes the neutral third-party handling of funds, documents, and tasks specific to the closing (or settlement, as it is also known), as outlined on the real estate... Read More

The Title Commitment is divided into several sections: Schedule A and Schedule B. Schedule A: contains basic information on the property, including: Commitment Date Policies to Be Issued, Amount, and Proposed Insured Interest in the Land and Owner Description of the Properties being insured Schedule B: lists what things must be done before escrow can... Read More