This real estate video discusses title companies. Depending on the state, either an attorney or a title company will be used in order to verify the chain of title. Title companies issue title insurance, which guarantees the chain of ownership to make sure that it is clear and that no one will show out of the blue and claim that they still hold the title to the house that you’re living in. Title companies are where you will go to actually sign your paperwork in order to gain ownership when you buy or sell a property. It’s not legally set who gets to decide which title company will be used. The title companies other function is to handle the flow of finances. At the time of transfer or ownership or transfer of title, the title company will transfer the correct amount of funds to the different parties that are owed and ensure that everything is completed ethically and correctly.
Broker/Owner of Market Experts Realty & The Todd Tramonte Home Selling Team
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