Whether you are purchasing a new home or office space, real estate deals are major commitments. The title company in Ponte Vedra Beach that you work with plays several key roles during the transaction and ensures that the process goes smoothly.
Essentially, your title company will act as the combined agent for the buyer, seller, lender, and insurance company to facilitate the closing of the transaction. In that capacity, your title company will review the property’s title, issue title insurance, and file all the relevant paperwork.
The title review process includes researching public records and preparing a preliminary report on the status of the property’s title. The primary purpose of this review is to confirm the property’s true owner and establish any liens that affect the property before the exchange of any money between parties.
If the title review goes well, the company will issue title insurance on behalf of an insurer. The title company also collects the necessary signatures from all parties involved and then files the completed paperwork with the county land records office.
After the transaction, the title company will collect and disperse all payments related to the real estate deal. In short, the job of the title company is to facilitate the real estate transaction and make sure that it satisfies all involved parties.