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

781 Properties Found. Page 1 of 53.
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 #20-10086

1004 W 11th Avenue, Anchorage

$599,900 - 3 Beds, 3 Baths, 3,061 Sf

MLS® # 20-10086

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-8851

16015 Sunset Bend Circle, Anchorage

$599,900 - 4 Beds, 4 Baths, 3,360 Sf

MLS® # 20-8851

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-10792

L1b1 Hillside Drive, Anchorage

$599,500 - 4 Beds, 3 Baths, 2,177 Sf

MLS® # 20-10792

Listing Office: Keller Williams Realty Alaska GroupAlaska 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 #20-12759
New Listing

1234 Latouche Street, Anchorage

$599,000 - 8 Beds, 4 Baths, 3,960 Sf

MLS® # 20-12759

Listing Office: Globe Real Estate, LLCAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-12746
New Listing

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 #20-11498

10731 Concord Hill Circle, Anchorage

$599,000 - 5 Beds, 5 Baths, 2,831 Sf

MLS® # 20-11498

Listing Office: EXP Realty LLC - Midtown AnchorageAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-9612

7750 Mayfair Drive, Anchorage

$599,000 - 8 Beds, 4 Baths, 4,352 Sf

MLS® # 20-9612

Listing Office: RE/MAX Dynamic PropertiesAlaska 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 #20-8429

341 E 2nd Court, Anchorage

$599,000 - 7 Beds, 6 Baths, 4,031 Sf

MLS® # 20-8429

Listing Office: Coldwell Banker Endeavor RealtyAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-7876

1406 Saint Gotthard Avenue, Anchorage

$598,500 - 4 Beds, 4 Baths, 3,030 Sf

MLS® # 20-7876

Listing Office: RE/MAX Dynamic PropertiesAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-8763

5830 West Tree Drive, Anchorage

$595,000 - 4 Beds, 4 Baths, 3,632 Sf

MLS® # 20-8763

Listing Office: Keller Williams Realty Alaska GroupAlaska Multiple Listing Service Inc Logo
Photo of Listing #20-5952

8111 Dagan Street, Anchorage

$595,000 - 6 Beds, 4 Baths, 3,208 Sf

MLS® # 20-5952

Listing Office: Dall Realty, IncAlaska Multiple Listing Service Inc Logo

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Listing information last updated on August 15th, 2020 at 2:19am AKDT.