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American Title Company offers a
wide variety of services and the excellent customer support that our customers
and professional partners expect and deserve.
About
Title Insurance...
A
Title Insurance Policy insures that as the new owner,
your title for the property is free and clear of any possible
encumbrances, and that you have clear title from the seller. A
title insurance policy insures that you will stand protected
from loss or damage as a result of any title defects.
Some possible encumbrances include protection from forged
documents, mistakes in public records, fraud and incorrect
property descriptions. American Title will provide a thorough
search of the public records to reveal possible liens, claims
or encumbrances against the property.
There are two primary types of title
insurance policies.
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The Owner's Policy:
The Owner's Policy is issued to the new Owner, guaranteeing that the
Title to the property they are purchasing, is delivered to them
without any restrictions or encumbrances. |
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The Lender's Policy
The Lender's Policy is issued when there is a Mortgage Lien to be
issued on the Property. It guarantees that the title to the property
for which they are lending funds is free and clear of any
encumbrances. |
| Escrow Services |
As an Escrow Agent, TS Title is a neutral third party who can
carry out the instructions in a purchase agreement between the
buyer and seller or the borrower in a refinance situation. We can also handle all of the disbursement
associated with the closing.
We offer three primary
types of Escrow closings.
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Purchase/Sale
Involving both a buyer and a seller, you can count on American
Title
to provide the highest quality service and attention to the
details whether you're the realtor, attorney, lender, builder
or developer.
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Refinancing
Refinancing is the process of obtaining new lender financing
on a property. There are several reasons to
Refinance. The most common is when the initial financing
was at a much higher interest rate thus refinancing at a lower
interest rate would reduce the monthly payments.
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Commercial
American Title has some of the best commercial closers in the
area. We are experienced on all types of commercial
closings.
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Property Profile |
A Property Profile is a description of your property showing
ownership, real estate tax information, sales and loan information and
comparables of similar properties.
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Location Survey |
Mortgage Location Surveys are normally required by the
lender in order to obtain additional coverage against
encroachments on the property.
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Termite Inspections |
Termite Inspections are normally required on all FHA and VA
loans. This is an inspection of the property by a
certified professional to determine if there are any wood
destroying insects or visible damage to the structure.
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Appraisals |
An Appraisal is an evaluation of the property to determine "Fair Market
Value" of the property. Often used by lenders to compare the value of the
house to the amount being loaned.
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1031
Exchange |
A 1031 Exchange is an IRS provisions which allows the owner of a property to
exchange their property for another of like-kind while deferring payment of
state and federal capital gains taxes.
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