Closing on a property is exciting, but it also can be confusing – and it certainly isn’t something one should enter into without doing some homework. After all the effort you’ve put into it, you want to ensure everything goes as planned when your transaction becomes official.
In terms of the actual process, signing legal documents is a key aspect of the closing. These documents, both related to the mortgage loan and the transfer of property from seller to buyer, may include the following:
Because land title insurance protects you from financial loss in the event that problems develop regarding the rights to ownership of your property, it is an essential part of any transaction. A title insurance policy also pays the cost of defending against any covered claim against your property.
That’s why finding an experienced, professional title insurance agent is so important. You’ll find a team of over 60 experienced escrow officers and title examiners in the title industry at First National Title Co., which was formed in 1997 and has since grown to five locations in Central and Northwest Arkansas.
Today’s global village of information is available with the click of your mouse, so it’s not surprising that more people are opting for do-it-yourself solutions for just about everything. We’re all for an educated consumer, but we want to caution you that in the case of performing a title search it is best to hire a professional title company.