You’ve found your dream home, and you’re all ready to sign the closing papers. But if all of the terminology feels a little overwhelming, you’re not alone. One of the most common questions new homeowners have is about the role of the title company in the purchase of their home. Here at Liberty Title in Minnesota, we love working with home buyers to help make the process as easy and understandable as possible. That’s why we’ve put together this guide to walk you through what a title company does.

 

1.      Perform a Title Search and Exam

One of the most important roles of a title company is performing a title search. We have a dedicated team of in-house abstractors who are committed to performing title searches with a fast turnaround. The title search gathers the history for the property, which is reviewed by our in-house Examiners who review the history for errors in the title and other problems that can come up and get in the way of a smooth closing.

 

2.      Offer Title Insurance

We offer title insurance to buyers. Title insurance protects you in case a problem should arise with the title that ends up costing you in terms of court costs and legal fees. Title insurance can also cover other financial costs if the claim does not turn out in your favor.

 

3.      Close a Sale

The title closers in a title company handle your closing. This is when all of the final documents are signed and the sale transfer is complete. Closing can be a bit confusing, but we help to make the process simple and painless.

 

4.      Legal Expertise

Although we don’t offer legal advice or representation, our title and closing staff are highly experienced and trained in title issues. We have an affiliation with the law firm of Marke and Zweifel, and are able to refer difficult legal questions to this firm for legal advice or assistance when it’s needed. This means we’re here to help with what we can do and help you find the right people for you to handle the things we can’t.

 

 

A Wide Range of Transactions

A title and closing company handles all kinds of transactions. We work with both residential and commercial sales. We oversee residential and commercial real estate transactions. We also handle new construction, reverse mortgages, short sales, and home equity loans.

 

Twin Cities Title Insurance & Escrow Services

Whether you’re a buyer or seller, agent or loan officer, we take pride in building strong connections within our community. We love making the transaction process go as smoothly as possible. That’s why we’re here to answer any questions that might come up during your closing process. To learn more, call our team of title closers at 763.494.0340, or contact us to learn more about what we do.