Our Services


 

Title Insurance

Title insurance is used by homebuyers and lenders for protection against delinquent taxes, undisclosed liens, legal judgments, forgeries, fraud and a host of other potential legal or financial problems that can arise when purchasing or refinancing property. 

A title insurance policy provides you with peace of mind. It takes the risk out of acquiring property that may have a troubled legal history. While there should be no risks in transferring property, they do exist.

Before you purchased your home, it may have gone through several ownership changes, and the land on which it stands went through many more. There may be a weak link at any point in that chain that could emerge to cause trouble. For example, someone along the way may have forged a signature in transferring title, or there may be unpaid real estate taxes or other liens. Title insurance covers the insured party for any claims and legal fees that arise out of such problems.

Escrow Services

The term "escrow" means any agreement between two or more parties wherein the delivery of instruments, monies, items of value, or evidence of title to real or personal property are deposited with a neutral third party. This agreement contains specific written instructions executed by all parties to the transaction. This neutral third party is refereed to as the “escrow agent”. 

The escrow agent:

Receives a complete and fully executed Purchase and Sale Agreement and/or Lender's Instructions.

Orders and delivers a commitment for title insurance to the parties of the transaction.

Orders all necessary payoff statements to pay in full the existing loans, or monies owed, by the current owners and demands to clear the title.

Prepares and/or secures all necessary documents to transfer title.   

Prepares the estimated and final closing statements.

Obtains all necessary signatures, funds, and documents to close the transaction.

Records and delivers all necessary documents and disburses the funds according to the parties and/or lenders instructions.

Real estate transactions, whether they are loan or sale transactions, are commonly closed by title companies through their escrow departments.

 

1031 Exchange(s)

The 1031 Exchange is quite possibly the most powerful investment tool available to property owners. By selling appreciated business or investment property outright you could pay from 15% to 50% in tax on the sale. A 1031 Exchange allows you to defer the tax and increase your purchasing power by keeping your equity intact. 

Title Financial Exchange Services, as a qualified intermediary, facilitates the entire process for you. We will assist you in meeting the requirements of Section 1031 to structure an exchange tailored to your specific situation. Our extensive experience, financial security and personalized service will provide you with a seamless 1031 exchange transaction.

Contact Title Financial Exchange Services to find out more about 1031 Exchanges and to hear how we can exceed your expectations.  

Long Term Escrow Collection

A long term escrow is an arrangement in which an unbiased third party holds legal documents, and accepts and distributes payments according to written instructions from the buyer and seller.

Contact Title Financial Specialty Services for more information.

 

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