Many title companies have followed a trend in either housing their land records, or even having their title examinations performed outside of the country. First National Title Company is different, we house are records right here in Arkansas, and your title examinations and real estate closings are conducted through our 25 offices throughout the State.
There’s nothing like being handed the keys to your new home, and having your real estate closing in your rear view mirror. The process is actually pretty straightforward, but there are definitely a lot of preparations to be made. These include home inspections, appraisals, financing arrangements, and legal filings. The key to a smooth closing is advance preparation, but many homeowners might not know where to start.
Sometimes, even the smoothest real estate transactions may take weeks to complete, and a lot of things can happen. That’s why it’s so important to make sure that you perform your due diligence and make sure that the seller is in a clear position to sell the property, and that there are no defects with the title (commonly known as title clouds). The most common title clouds you might encounter include delinquent taxes, child support, HOA dues, and legal judgments and liens. Fraud and forgery isn’t quite as common, but if a family member signed someone else’s name to a legal document to expedite a sale, it can result in major legal problems later. If there are any clouds on the title, they must be resolved before the title can be transferred. That is why title insurance is such an important part of each real estate transaction.