FAQ

Escrow is the process in which the funds of a transaction, like the sale of a house, are held by a third party. Our in-house escrow team handles this process for you and walks you through every step, answering any questions you have along the way. Escrow professionals are neutral during this process, ensuring a fair and honest process.

A title is your ownership right to your property.

A title search is a standard part of the home buying process that is conducted to uncover issues that could prevent your right to the property. Your closing agent reviews public records to see if there are problems or defects that could cause you legal issues

If you’re buying a home, title insurance is a policy that protects your investment and property rights. There are two different types of title insurance: owner’s policy and lender’s policy.

Type 1: An owner’s policy protects your property rights for as long as you own the home.
Type 2: A lender’s policy is usually required by the lender and protects only the lender’s financial interests. The buyer typically pays for this policy, but this varies depending on geography. We recommend you ask an ALTA member how it’s handled in your area.

Purchasing owner’s title insurance is a smart decision because it’s the best way to protect your property from future legal claims.

The one-time payment for owner’s title insurance is low relative to the value of your home. The typical owner’s title insurance policy costs around 0.5% of the home’s purchase price.

Your owner’s insurance policy lasts as long as you own your property. Your life will change over time, but your peace of mind never will.

You sign the legal documents and receive the keys to your home.