Searching for a new home or investment property can be a very involved process, but there’s nothing quite like making a good deal. Once a property is under contract the real work begins, and both parties have work to do to prepare for closing. For starters, the seller has to demonstrate clear ownership of the property before the title can change hands. Additionally, the buyer may need to secure financing and make sure that the property is in the condition that was represented. Most closings take an appreciable amount of time to consummate, and it’s important not to rush through the process.
When you’re preparing to close on your real estate contract, our team at First National Title is here to help. We have 26 locations to serve you, and you’ll always get the chance to deal with an agent in or near your community. We operate independently of ownership from a financial institution or a real estate agency, and we’ll help you enjoy a smooth transaction when it’s time to close.
Our experienced title researchers will confirm that the seller is the clear owner of the property. If your seller has outstanding debts or legal judgments, creditors can issue liens against the property title which must be satisfied before the property can be sold. Some property titles might have clerical errors, and previously unknown heirs might have a legitimate title claim if a property owner died without leaving a will. These encumbrances are commonly known as “title clouds” because they can cast a shadow over a property.
Once our experts have completed their title search, we’ll issue you a title insurance policy to help you protect your investment. Your owner’s policy will be effective for as long as you own the home and it will protect you in the event of a title dispute.
Buying real estate is always an exciting time, and our team of title professionals will make sure that you’re prepared for a smooth closing. To learn more about title insurance, Contact us online or at any of our 26 convenient Arkansas locations listed below!