What Are The Functions Of Title Agents?

Functions Of Title Agents


As the title agent, your job is to verify the legal dimensions of a property, check easements, and bond the property. You might also ask about the escrow services of a Title Company. This article will give you some basic information about the importance of title agents. Listed below are some of their important functions. If you’re considering hiring one, keep reading! There’s plenty more to learn.

Finding Encumbrances

If you’re looking to buy a new home, you’ll want to find out about any encumbrances on your property. While these encumbrances can enhance your property’s value, others can limit what you can do with it. Fortunately, a title search can help you discover these problems. Title insurance companies use local land records and research to discover encumbrances on your property.

The encumbrances can prevent you from selling your property. For example, sometimes, a lien has been placed on a property because a homeowner has failed to pay a creditor. It can cause a problem, especially when you want to move on from your property as soon as possible. Another common encumbrance is a tax lien. A tax lien is a legal claim by the government on a property. Mortgages, judgments, and liens are also common title encumbrances.

If you find a lien or legal claim on a property, you should work out a deal with the property owner to get it removed. You can go to court to resolve the issue if you can’t work out an agreement. But if the other party is unwilling to remove the encumbrance, you should walk away from the property. This way, you’ll avoid the headaches of a title encumbrance on your property.

Preparing Documents for Closing

Preparing documents for closing with a title agency involves contacting your lender and homeowner’s association to ensure that the loan is in good standing and the buyer is in full compliance with all HOA dues. In addition, your title agency will prepare any curative documents necessary for the closing and record these documents. If you have a prior lien, you must sign this document as soon as possible so that the prior lienholder won’t declare you in default or recoup any costs from liquidating the loan. You will sometimes be required to pay a higher rate for these HOA dues, but this is not always the case.

Getting your documents ready is the first step in the real estate settlement process, and a good title agency will make sure that everything goes as smoothly as possible. While you may be nervous about the details of the settlement process, your title agent will be there to help you through the process. The job of a title agent is to make sure everything goes smoothly and that there are no problems along the way. It is important to remember that closing day is an exciting time for everyone involved, and your title agent will ensure everything is in order.

Providing Escrow Services

In the real estate industry, escrow services are essential to ensure the smooth transfer of property ownership from buyer to seller. These companies manage escrow accounts for borrowers, which publicly held title insurance companies generally hold. In addition, title companies provide services that ensure that all escrow terms are met and that the money is properly distributed. As a result, a title agency is a great choice for a buyer or seller.

The escrow officer manages the funds used in a transaction, including the earnest money used for the purchase. They also notify buyers and sellers of closing dates and order property-related documents. They can be an attorney or a title officer. In many states, escrow companies handle both services, while others use real estate attorneys for closing. When deciding which company to use, it is best to consult with a real estate agent who can guide you on which services are essential.


A bond for a title arrangement can help the seller close the real estate transaction much faster. The buyer may not need to qualify for a mortgage before beginning payments. The bond contract may include specific terms regarding taxes, insurance, and other features that are beneficial to both the seller and buyer. It is important to seek legal assistance for a bond for a title arrangement.

A title bond covers the entire process of the title transfer. The bond will protect the seller and buyer from any financial loss if a transaction does not go through. If the title agency does not provide this coverage, the buyer or seller may sue and get the full amount of their bond. A bond for a title agency may cost up to a million dollars, but it is a necessary step when buying a new house.

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