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Why selling a home in the spring is your best bet

The climate for selling homes can heat up or cool down, just like the seasons of the year. When putting a house on the market, timing is everything. Here are four reasons why selling a home in the spr...

Why selling a home in the spring is your best bet

What does a title company do?

A title is the legal way of saying you own a right to something. For real estate purposes, title refers to ownership of the property, meaning that you have the rights to use that property. The presenc...

What does a title company do?

What you need to know to prepare for your closing day

Closing day is exciting, but it can also feel overwhelming. Knowing what to expect will help make sure that everything does go smoothly.

What you need to know to prepare for your closing day

How to prepare for a move

Congratulations, you bought a new house! Whether you’re moving from an apartment, a large home to a smaller one, or vice versa, the process of taking inventory of all your belongings, packing th...

How to prepare for a move

Secured Title KC’s Community Giving

Giving back to our communities is part of who we are at Secured Title Kansas City — we take this part (and every part) of our Culture Statement seriously. It’s more than simply words. And ...

Secured Title KC’s Community Giving

Estimate closing costs on-the-go with Secured Title’s mobile app

When the first mobile phones — mobile as in they weren’t attached to your wall and offered 30 minutes of talk time for the small price of $3995 — came out in the 1970’s, likely...

Estimate closing costs on-the-go with Secured Title’s mobile app

History of Secured Title of Kansas City

Secured Title of Kansas City has had a long standing history in the state of Kansas and Missouri. We have over 12 offices conveniently located throughout the metroplex and aim at always abiding by our...

History of Secured Title of Kansas City

Five Important Tips for Listing a Home

There aren’t many things more stressful than selling your home. Here are some easy DIY hacks to do before you list your home to ensure it sells as quickly as possible.

Five Important Tips for Listing a Home

What does a title company do?

What does a title company do?

A title is the legal way of saying you own a right to something. For real estate purposes, title refers to ownership of the property, meaning that you have the rights to use that property. The presence of a title proves to a buyer/seller that the property for consideration is legitimate. Title companies do many things involving with a title and its counterparts in preparation for the transaction of properties.

Title Searches

It is the title company’s responsibility to complete any any all title searches for the property in process, ensuring that the property is free and clear of any defects or unforeseen issues. The title company acts as a neutral party apart from the buyers and sellers, providing the information that is required for mortgage companies before a sale/purchase can occur.

Title Insurance

Likewise, title companies issue insurance on the title of the property to protect the buyer from any potential fraudulent ownership claims that may arise. Mortgage lenders also require title insurance before funding a home loan.

Escrow Account

Title companies also are tasked with maintaining a variety of real estate escrow accounts on behalf of buyers and sellers. The escrow accounts hold money used to complete real estate settlement and are part of standard closing procedures. All parties rely on the title company to ensure that the escrow accounts are present, and funded at closing.

Settlement Agents

As the impartial party serving both the buyer and seller in a transaction, title companies serve as settlement agents at closing. They confirm all insurances, payments, paperwork, are accounted for. They also serve as a facilitator for any last-minute issues that could potentially arise.

When selecting a title company, your agent or mortgage company may suggest a trusted title partner. Having a title company that you trust, and who has a positive track record among clients/realtors, will greatly increase your chances that the entire title process and closing goes smoothly.

 

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