This infographic titled, ‘4 Roles of a Title Company’ provides us with an overview of responsibilities of a Title Company. Buying or selling real estate entails many details and can be a stressful situation.
This is the reason why most people who buy or sell property take advantage of the services provided by a title agent or company. Since there are so many details involved in the buying and selling of real estate, title companies are responsible for bringing all of the components together and overseeing the closing process from beginning to end.
Great title companies are also available to answer questions throughout the process, from the moment a client selects out a house to the moment when the sale is closed, everything is in place, and then the closing happens.
A title company, thus, acts as a mediator for both the buyer and the seller as well as a driving agent for the title insurance company that will provide insurance to the respective title. It is not necessary that only one title company is used. Many times, the buyer and the seller will have their own title companies.
For more information, please refer to the infographic below.