Community Title & Escrow offers the following services to you as the lender:
- Title Search
- Letter Report
- Title Commitment
- Lender’s Title Insurance Policy
- Insured Escrow Closing
- Witness-Only Closing
The following is an explanation of each of the services we provide.
Title Search Only - We examine the public records and provide you with a list of documents recorded on the subject property and include copies of each.
Letter Report - We search the public records (two deeds back from previous owner) and provide you with a written report which shows the current owner, title vesting, legal description, tax information, and list of all open mortgages, liens, judgments, easements, restrictions, etc. on the subject property. No insurance is provided with the Letter Report.
Title Commitment – A preliminary examination of the public records is done showing all current information with regard to the property: current owner, title vesting, legal description, tax information, open mortgages, liens, judgments, easements, restrictions, etc. The Title Commitment will show exceptions to title insurance coverage and will have a list of requirements that must be met before a title insurance policy can be issued.
Lender’s Title Insurance Policy – Once all requirements of the title commitment have been met, a title insurance policy will be issued that insures the lender’s interest in the property as security for the outstanding balance under the borrower’s mortgage.
Insured Escrow Closing – We will meet with the borrowers, explain all documents to them including the loan documents, notarize their signatures, record the documents, disburse funds, payoff any liens on the property, and satisfy all requirements of the title commitment and those of the lender.
Witness Only Closing – We will meet with the borrowers, explain the documents to them, notarize their signatures and return the documents to the lender for disbursement and recording.