What does a title company do?

Posted by Matthew Lindsay on Tuesday, July 21st, 2020 at 9:39am.

When buying or selling a home, it is common practice for a title company to be involved in the transaction. Their primary role is to ensure that the person selling the home has the right to do so. They do this by validating the transaction through extensive fact checking, after their information requirements have been met they then issue a guarantee that is backed by title insurance. This title insurance is meant to protect the lender and the owner from future unsubstantiated claims. The title company has a handful of responsibilities throughout the process. We have created a short list of tasks to give you a better understanding of what value they provide during the transaction.

 

Here’s a list of what they can do for you.

 

  • Orders the title examination

  • Requests information from buyer and seller

  • Reviews title commitment and preliminary report

  • Contacts buyer or seller when additional info is required for the title commitment and preliminary report

  • Records all demands, invoices and tees, and sends them to the lender.

  • Ensures the payout of all invoices at closing

  • Coordinates with lender on the preparation of the closing documents

  • Reviews all documents, demands and prepares settlement statements along with any other required documents

  • Schedules signing appointment and informs buyer of funds due at settlement

  • Once loan is consummated, sends funding package to lender for review

  • Prepares recording instructions and submit documents

  • Records documents and disburses funds

  • Issues financial statement 

 

 

Residential, Condominium, Multi-Family in Anchorage under $600,000

682 Properties Found. Page 1 of 46.
Photo of Listing #20-3185

2702 Mcrae Road, Anchorage

$600,000

MLS® # 20-3185

Listing Office: Real Estate Brokers of AlaskaAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-15693

5501 Ridgeview Drive, Anchorage

$599,900 - 4 Beds, 3 Baths, 2,910 Sf

MLS® # 20-15693

Listing Office: Herrington and Company, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9974
Enhanced

3401 W 64th Avenue, Anchorage

$599,500 - 12 Beds, 6 Baths, 6,120 Sf

MLS® # 20-9974

Listing Office: Precision Real Estate, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14720

8131 Little Dipper Avenue, Anchorage

$599,000 - 8 Beds, 4 Baths, 3,780 Sf

MLS® # 20-14720

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14713

15001 Mossberry Place, Anchorage

$599,000 - 3 Beds, 3 Baths, 4,001 Sf

MLS® # 20-14713

Listing Office: Keller Williams Realty Alaska Group of Eagle RiverAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14247

L15 B6 Bruin Park, Anchorage

$599,000 - 3 Beds, 2 Baths, 1,803 Sf

MLS® # 20-14247

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-12746

6032 Heather Wood Circle, Anchorage

$599,000 - 5 Beds, 3 Baths, 2,686 Sf

MLS® # 20-12746

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-11939

3926 E 3rd Avenue, Anchorage

$599,000 - 17 Beds, 9 Baths, 7,360 Sf

MLS® # 20-11939

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9039

L13 B6 Bruin Park, Anchorage

$599,000 - 4 Beds, 3 Baths, 2,330 Sf

MLS® # 20-9039

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-14012

14244 Hancock Drive, Anchorage

$589,000 - 4 Beds, 2 Baths, 3,078 Sf

MLS® # 20-14012

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9108

2233 Sorbus Way, Anchorage

$585,000 - 3 Beds, 3 Baths, 4,192 Sf

MLS® # 20-9108

Listing Office: O'Banion Real Estate and Relocation Services, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #19-18803

L14 B1 Heather Wood Estates Circle, Anchorage

$585,000 - 3 Beds, 2 Baths, 1,916 Sf

MLS® # 19-18803

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-13733

L42 Sandhill Loop, Anchorage

$579,900 - 3 Beds, 3 Baths, 1,924 Sf

MLS® # 20-13733

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-13738

L29 Sandhill Loop, Anchorage

$579,000 - 4 Beds, 2 Baths, 1,820 Sf

MLS® # 20-13738

Listing Office: Berkshire Hathaway HomeServices Alaska RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-16136
New Listing

L10 B1 Heather Wood Estates, Anchorage

$575,000 - 4 Beds, 3 Baths, 2,330 Sf

MLS® # 20-16136

Listing Office: Firebird Realty, LLCAlaska Multiple Listing Service Inc Logo

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Listing information last updated on October 20th, 2020 at 2:19pm AKDT.