Understanding the Role of Title and Escrow in Homebuying
Understanding the Role of Title and Escrow in Homebuying
This post will provide a comprehensive yet straightforward explanation of what title and escrow services are, and why they are crucial in the homebuying process.
Key Points to Cover:
What is Title Insurance?
Explanation of title insurance and its importance in protecting against potential legal issues with property ownership.
The Escrow Process Explained
Description of how escrow works, including holding funds and documents until all conditions of the sale are met.
Why You Need Both Title and Escrow Services
Discussion on how these services ensure a smooth and secure transaction, safeguarding both the buyer and the seller.