Call Quality Title & Abstract Agency, Inc. as soon as you and the seller sign the sales contract or when you decide to refinance the mortgage on your home. With a brief summary of the details, our team of title experts will begin a search of the public records and issue a title commitment. Because there are a number of steps we must take to make certain that we know all we can about the title, it is wise to get the ball rolling as soon as possible.

A title commitment is based upon a search of the public records. A preliminary title report issued by the Title Insurance Company tells a buyer several things about the property. It tells them what liens are on the property such as the seller’s current loan(s), state or IRS tax liens, or back property taxes. The prelim also notifies a buyer about any easements on the property. An easement is basically a right for someone else to use a portion of your land. See similar questions...

Title insurance insures that your title is good both on and off the record, is not limited to the 50 year period required to be searched by the attorney, and protects against fraud and forgeries within the record. The bank will require that the buyer purchase title insurance from an approved title insurance company to insure its mortgage. This is known as Lender’s Title Insurance. The buyer must pay the premium even though the policy only benefits the bank. See similar questions...

Requirements are the documents required from the seller to clear the title. Examples of these are deeds that may be in the possession of the seller that are not recorded, mortgages or liens that have to be paid off at the time of closing, as well as many other items we need, as your title agent, to make sure your title is as clear as possible. There are significant differences between these tenancies. See similar questions...