Homeownership. It’s the American Dream, and everyone should be able to pursue it with confidence and trust. With Vanguard Title you can rest easy that your real estate transaction is in good hands. Click on the links below to let us guide the way.
Choosing the right title company is an important part of creating your real estate team. Here’s why you should choose Vanguard Title:
What you need to know: The Basics
Why you need a title company:
What to expect when selling your home:
What to expect when buying a home
Protecting yourself against wire fraud
Still have questions? See below for frequently asked questions.
What is Title Insurance?
Title Insurance protects real estate owners and lenders against potential property loss or damage they might experience due to liens, encumbrances, or any other defects in the title (ownership rights) to the property.
A title insurance company can insure the new owner against the possibility of error or forgery in the transfer of title. This is the transfer of title. This insurance is in effect for the duration of ownership.
Why does a seller need it?
Section 6.2 of the Real Estate Purchase Contract states that an Alta Owner Policy must be provided.
An owner of real property, whose interest is insured by an owner’s title insurance policy, has the assurance that the title will be marketable when selling the property. The title insurance policy protects the seller from financial damage if the seller’s title is rejected by a prospective purchase. There are two types of coverage available. A buyer should request the Eagle Policy as to ensure maximum coverage.
Various kinds of claims can “cloud” a title. Some examples are:
- Relatives or heirs with super-ceding claims
- Fraud or misrepresentation
- IRS Claims
What Will a Title Insurance Company Do For Me?
Trained personnel will perform a title search to verify ownership and to identify any possible “clouds” on title. The result will show if the seller has the right to sell, indicated by ownership, and indicate any problems, liens, etc.
We also provide escrow, a service in which a neutral party handles documents and monies, related to the real estate transaction for a fee. In escrow, all parties involved give their instructions to the escrow company which creates the closing documents and transfers the funds and ownership once these instructions are completed. Whether you are the buyer or the seller, you want assurance that no funds or property will exchange hands until all instructions have been followed. Escrow will guarantee this.
Still have questions?