| What is It | Why it Matters | How you benefit
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| Title | Title is your ownership right to your property | No homebuyer wants to inherit existing debts or legal issues that could interfere with their future property rights. | Clear title allows you to use or modify your property |
| Title Professional | Title insurance professionals examine or research public records to see if there are any problems or defects that could cause you legal issues. They may also manage the closing process. | The title professional ensures the title search is completed, writes the title insurance policy, and works to reduce your risk of ownership issues in the future. | Your title professional has your back. They sweat the small stuff so you don’t have to, giving you peace of mind. |
| Title Search | A title search is an early step in the home-buying process to uncover issues that could limit your rights to the property. | If a title issue is discovered, your title professional will most often take care of it without you even knowing. After fixing the title problem, you can purchase the owner’s title insurance. | The title search allows the title professional to issue you a comprehensive title insurance policy. |
| Title Insurance | There are two different types of title insurance: the owner’s policy and the lender’s policy. You, the homebuyer, purchase the owner’s policy. While it is your choice, purchasing an owner’s title insurance policy is the best way to protect your property rights. You or the seller usually pay for the lender’s policy. It is almost always required by the lender and only protects the lender’s interest. | Sometimes, undiscoverable defects can come up after the title search. Title issues may include forgery, fraud, or clerical errors. Owner’s title insurance is the best way to protect yourself from losing your property. | Every year, most homebuyers in America elect to protect the most significant investment of their lives and purchase owner’s title insurance. Owner’s title insurance protects your interests after you purchase your home. |
| Closing | Closing is the final step in executing the home-buying transition. | It is the process that allows the transfer of ownership to occur. | Upon completing the closing process, you get the keys to your home! |
Your settlement agent will assist you throughout your real estate transaction to close it successfully. For more information, visit our website at: www.cltic.com
