What does the Title Company do?

real estate sold signA title company researches the property’s title, which is about the ownership rights in the property. It is critical to know who owns the property and if there are any restrictions on transferring that ownership.

A title company looks into the history of the property and confirms the current ownership, the type of ownership (individual, trust, corporate, etc.) of the property, identifies any liens or encumbrances or other “defects” or problems with the title.

Title companies also arrange for Title Insurance for the lender and the buyer. Title companies often handle all the legal filings and paperwork for closing on the property.

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