When you're buying a new home, commercial property, or an undeveloped land tract, it takes an entire team of professionals to make all the arrangements to prepare for a smooth, hassle-free closing. Hiring the right team is a must, and you can always count on the personal touch whenever you work with First National Title (FNT)! We're proud to be Arkansas' largest independent title company, and you'll always be able to work with experienced closing officers and title agents in or near your community from contract to closing. The closing process always begins with a title search to confirm that the seller can convey clear, unencumbered ownership with no clouds on the property title. But what exactly are title clouds, and how do they affect closing?
Encumbrances are commonly known as "title clouds" because they cast shadows over the property and the closing process. The most common type of title clouds you're likely to encounter are liens against the title due to outstanding debts or legal judgments. And if a previous owner died without leaving a will, there may even be previously unknown heirs with a legitimate property claim. Our experienced title agents will leave no stone unturned to ensure there are no encumbrances that could delay closing. Once the title search is complete and all other requirements are addressed by our closing officers and title agents the title can be properly conveyed through a proper closing.
Once the closing and conveyance of the property and the closing have been fully consummated, the final step will be for First National Title to issue you an owner's title insurance policy to protect your home or land investment. We proudly offer title insurance products from top underwriters, including First American Title Insurance Company, Chicago Title Insurance Company, Commonwealth Land and Title Insurance Company, Fidelity National Title Insurance Company, and Old Republic National Title Insurance Company, and your policy will remain in effect for as long as you own your home or land tract. You'll enjoy true peace of mind with your new ownership, and your policy protects you in the unlikely event of a future title dispute!
If you have any questions about title insurance, contact us online or at any of our 26 convenient Arkansas locations listed below!