So, What Does a Title Company Do?

“I know what my lender is doing. I know what my real estate agent is doing. I also know what the seller is doing. But, I’m not entirely clear on what the title company will be doing.” Well, lucky for you, we know precisely what the title company is doing. The title company is tasked with verifying that the title to the property is legitimately in the possession of the seller to be then sold legitimately to the homebuyer. Once the title company has done its due diligence, it will then provide title insurance to the homebuyer. Title insurance guarantees the lender, through their lender’s policy, is covered for the loan amount, and the buyer is protected from any claims made against the property ownership in the future. The coverage lasts for as long as you own the property. In the event that you pass away your policy continues, so long as the property’s ownership is moved to your spouse or heirs, or if you sell your home. Your policy would end, in the case you are selling the home, or property, on the closing day for that sale. If you have any questions or would like to learn more about title insurance you can reach out to us, at Gables Title Group.