Foote Title Group – What is a Title Company?
What does the title company do and why does it matter that you pay attention and you make a choice yourself?
You’ve picked out the perfect home, you’ve found the perfect mortgage for you, and then they ask you if you want to pick a title company to handle the closing for you. Usually you would say well just take care of that for me because I don’t even know who to work with.
Well this does matter that YOU make the choice yourself and you do a little bit of research. Title companies vary just like any other type of business and a title company takes care of many things that could affect you after you move in. We are take care of tying all of the pieces of your home purchase together for you.
We check and make sure that everything is clear on that title to make sure that there’s no problems with your ownership in the future. More often than not, particularly coming out of this home crisis, there are a lot of things that need to be resolved, this all happens behind the scenes. Then we coordinate all the parties the buyers, the seller’s, the Realtors, the lender. Each of those individuals have ideas about what needs to happen and we need to make sure everything is handled so everybody is satisfied and all of the pieces are taken care of.
Then we coordinate all of the figures. We take the contract and all of your loan information, and all of the seller’s information, and bills that need to be paid and pull all of those into one format so all of their bills and things are taken care of. We make sure that when you buy your home there’s no issues or no unresolved things that need to be taken care of. It all happens at the end of the process and we pull all that together. We coordinate all the documents that you need to sign and we coordinate everybody to make sure that they all come together at the same time – or if they can’t that all of the documents are signed and ready to go by the time you’re ready to come to closing.
Then we actually conduct the closing, whether it’s held at a place that’s convenient for you or at our office. We actually sit down with you and explain the documents for you so you understand what you’re signing.
We’re very passionate about making sure you understand everything that you’re doing both during the process as we’re getting everything together – but also when you sit at that table. We want to make sure that you understand what you’re signing because it’s a lot to deal with and it’s really scary and I know your eyes on the prize at the end which is getting those keys. That’s super important, but we also don’t want you to walk away from that table not knowing what you just did. It’s a big commitment that you’re taking on so we want to make sure that everything is in order as you expected it to be. Part of our job is to make sure that you understand everything that’s going on. Then after everything is taken care of we actually ensure the title to that property so no one can ever come back to you and say, “hey I have an ownership interest in your home. My mom owned that property and she passed away and I never signed off on it” or there’s so many things that could happen that someone could claim a potential interest in your property. So we ensure that this doesn’t happen and if it does your title insurance cover you.
Many title companies don’t go that extra mile to make sure all of those details are taking care of perfectly for you so that those things don’t come up later. Our track record after 30 years in business speaks volumes. Very rarely do we have a claim on any title policies that we’ve insured. That’s not something that most title companies can say. So we just want you to understand that we are passionate about making sure that everything is in order for you as best as it can possibly be and that you understand everything as we’re going through the process and when you sit at the closing table.