An unimproved land tract can offer significant upside for real estate investors, but like any investment, it also carries risk. It’s always important to carefully consider your personal circumstances, financial goals, and risk tolerance before making an offer on any land tract or investment property. And once your offer has been accepted, our team at First National Title (FNT) is here to help you get to the finish line! We’re proud to be Arkansas’ largest independent title company, and we pledge to do everything we can to ensure that your real estate transaction runs smoothly and remains on schedule.
We have 26 convenient locations to serve you throughout the Natural State, and you’ll always be able to work directly with an agent in or near your community. We operate independently of ownership from any real estate agency or financial institution, and every decision we make is designed to ensure a smooth, on-time closing. Contact us as soon as your property is under contract, and we’ll begin with a thorough title search.
Before any real estate transaction can proceed, the seller must first be able to demonstrate that they can convey clear, unencumbered ownership. The most common encumbrances that you’re likely to encounter are liens on the property title if the owner has outstanding debts or legal judgments. And if a previous owner died without leaving a will, there may also be unknown heirs with a legitimate property claim. Once our title agents complete their title search and have verified that the title is clean and unencumbered, you’ll be ready to proceed to closing.
Once closing is complete and the sale is fully consummated, our final step is to issue you an owner’s title insurance policy from a trusted insurer. We proudly offer title insurance products from top-rated 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 the land. You’ll pay one premium at closing, and your title insurance protects you from being forced to pay most legal costs out of pocket 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 Arkansas locations listed below.