Closing with Partners Title
Purchasing your home is a great investment. The closing is one of the most important parts of the process. This is when you legally commit to your mortgage loan.
Once you’ve decided to move forward with the purchase of your new home and your funding options are in place, your real estate agent and lendor will work with a Partners Title closing executive. Your closer(s) will work with all parties to gather all the legal documents, close the loan, issue title insurance policies, and handle all the money associated with your purchase.
Another important part of the process is purchasing an Owner’s Policy to protect your investment.
Most new homeowners think about buying new furniture or painting the new walls, not worrying about being responsible for the bills that could be left behind by the previous owner.
Lendors require you purchase a title insurance policy to protect their investment, and you should have a policy to protect your investment as well. For a one-time fee paid at the closing table, an owner’s policy can protect you, your lendor, and your property rights for as long as you own that property.
The owners policy can protect you from:
- Unpaid mortgages
- Unpaid property taxes
- Child support liens
- Missing heirs who could claim the property belongs to him/her
- Missed easements or rights of way (property lines) that could limit your use of the property