What is Title Insurance?
Who pays for Title Insurance?
What is Escrow Service?
How much does it cost?
Can I choose where I close my loan?
Can I choose my closing agent?
A N S W E R S
What is Title Insurance?
TITLE INSURANCE is a policy insuring against claims, judgements and ownership conflicts on a specific parcel of real property. The title insurance premium is a one-time charge paid at closing as part of the closing costs. Title insurance is an essential part of risk elimination when purchasing real property.
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Who pays for Title Insurance?
TITLE INSURANCE is paid for by ......
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What is Escrow Service?
Escrow is a legal arrangement in which an asset (such as cash, real property or other tangible assets) is deposited into safekeeping (e.g., a bank account) under the trust of a neutral third party (escrow agent) pending satisfaction of contractual contingency or condition. Once the condition has been met, the escrow agent will deliver the asset to the party prescribed by the contract.
Alternative definitions of a escrow account are 'an account established by a broker under the provisions of the licence law for the purpose of holding funds on behalf of the broker's principle or some other person until the consummation or termination of a transaction' or 'a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums'
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How much does it cost?
THE COST is dependant...
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Can I choose where I close my loan?
YES, you can close your loan at the following places:
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Can I choose my closing agent?
Our CLOSING AGENTS are some of the best in the business...
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