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 

     


 

Precision Home Group is based in Anchorage, and provides real estate services to Southcentral Alaska. We will keep you informed on current trends and market dynamics to help you make the best informed decision. If you are interested in purchasing a home, get in touch with our experienced real estate agents! Our team of experts will negotiate great deals for your home and help you navigate the buying or selling process every step of the way. If you are looking to get into a property that makes sense, or need help analyzing a potential property, reach out at 907-302-1011 or email at matthew@precisionhomegroup.com

 


Properties in Anchorage

Posted by Matthew Lindsay on

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Listing information last updated on October 24th, 2021 at 7:49pm AKDT.