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Title Insurance & Escrow Services |
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Title insurance insures against loss sustained by an insured party due to the condition of title being other than as insured. The beneficiaries of title insurance policies generally are real estate buyers and mortgage lenders. A title insurance policy protects the named insured against title defects, liens and encumbrances existing as of the date of the policy and not excepted from coverage. For a one-time premium, the policy remains in effect until the property is sold or refinanced. The title company is an unbiased third party that executes the following tasks in relation to the closing of a real estate transaction:  • Receives an executed sales agreement and/or lender's instructions • Orders and delivers a commitment for title insurance to all parties of the transaction
• Orders all payoffs for liens against the property and other items necessary to clear the title. • Obtains all documents needed to transfer title • Prepare a settlement statement • Obtains all signatures and funds necessary to finalize the transaction • Records and delivers documents and disburses funds according to the parties and/or lenders' instructions With over 425 years of experience of our staff sets us above our competition. If you are dealing with a sale or a loan on a residential or commercial transaction, we are here to help you. |
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Last Updated ( Friday, 29 May 2009 )
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Why do you need Title Insurance? |
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New Braunfels Title Company usually issues two types of policies - "Owner's" which covers you, the homebuyer; and "Mortgagee’s" which covers the bank, savings and loan or other lending institution over the life of the loan. Both are issued at the time of purchase for a one-time fee. 
Before issuing a policy, however, New Braunfels Title Company researches extensively all the public records to determine if anyone other than the party selling the home has an interest in the property. Any title problems usually can be found and cleared up prior to your purchase of the property. After we have issued the policy, if there should be any claims against your property, you are covered under your title policy. The underwriter that insured your property will pay the legal fees involved in defense of your rights, as well as any covered loss arising from a valid claim. This protection, which is in effect as long as you or your heirs own the property, is yours for a one-time premium. |
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