What is abstract (of title)?

A history of all transactions shown in the public records affecting a particular tract of land.

What does ALTA (American Land Title Association) mean?

The trade association of the title insurance industry, which has adopted certain insurance policy forms to standardize coverage on a national basis.

What is an appraisal?

A report from an independent third party detailing the estimated value of real estate.

What does a title company do for you?

Once you find your “Dream Home” and are ready to make a purchase, your title company coordinates and acts as an intermediary between you (the customer), and the lenders, realtors, surveying companies, home owners associations, property management companies, county records office, and title abstractors. We record all the legal documents, and finalize the purchase or sale of the real estate.

 

What happens at closing?

The final steps in a real estate transaction are called your closing or settlement. It is the day that papers are signed, and money is transferred. This signifies ownership of the property is officially transferred.

Why would you choose PTE?

We are top-rated. We have the highest underwriter rating. We are experienced; we have been in business since 1997 with over 48,000 closing settlements and counting. We have two licensed attorneys on staff.

 

Why do I want title insurance?

Title troubles not disclosed by the most careful search of the public records – called hidden hazards- are the most dangerous. Because of them, your abstract may be perfect, but your title worthless. Your attorney’s examination may be the finest that skill, experience and legal knowledge can produce, but your title may be fatally defective. Owner’s title insurance protects you as well as your heirs from financial loss caused by title troubles. And the title insurer, without expense to you, will defend you against any attack on the title to your property as insured. The one-time premium is small. The protection is great.

How can you help me with my home purchase?

Once you find your “Dream Home” and are ready to make your purchase, as your Title Company, we will act as an intermediary. We will work directly with your Lenders, Realtors, Surveying Company, Home Owner’s Associations and Property Management Companies. We will contact the County or City Records Office and the Title Abstractors to record all legal documents in order to finalize the purchase or sale of your Real Estate.

What happens during the final step of my Real Estate transaction?

The final step in your Real Estate transaction is the closing or settlement. This is the day documents are signed, funds are transferred, and ownership of the property is officially transferred.

What makes Property Title & Escrow the right choice?

With two licensed attorneys on staff, choosing Property Title & Escrow puts you in touch with a top-rated Title Company with above average underwriting rating. Property Title & Escrow has been in business since 1997 and boasts over 48,000 settlements and counting.

We are here to help! If you have other questions, please call us at 410-594-7474 to speak to a live agent 9am-5:00pm EST Monday-Friday.

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