Here are some common questions you may have about title insurance, title searches and escrow. 

What does a title company like Maximum Title & Escrow Services do for me?

  1. Prepare Title Exam
  2. Report findings to Customer, Lender, Attorney and Real Estate Company (if applicable)
  3. Schedule and Coordinate the Closing
  4. Close Real Estate Transaction
  5. Record All Documents with Proper Agencies
  6. Disburse Monies
  7. Mail Final Policy to New Owner
  8. Mail Mortgage Policy to Lender


What are a title company’s two main responsibilities?

  1. We will make certain that the Buyer receives a guaranteed or insured title to the property being purchased.
  2. We will make certain the Seller receives the proceeds from the sale after any liens, taxes, costs and charges have been paid.


What is needed for Maximum Title to perform these two responsibilities?

  1. Maximum Title & Escrow Services must obtain a purchase agreement from the Seller signed by both Buyer and Seller.
  2. We need you to place your title order with Maximum Title.
  3. We must verify financing. We need Lender’s information unless it’s a cash transaction.
  4. We need to collect from seller, information to obtain payoffs, for all liens and mortgages.
  5. We need the Buyer’s Homeowners Insurance Policy information for the new home.
  6. All points of sale agreed to in the purchase agreement must be met prior to closing date.
  7. The signed deed must be obtained from the Seller.
  8. We arrange for the deed to be filed and the new mortgage to be placed on the property (if applicable).  This is done by taking the mortgage and the deed to the recorder’s office in the county where the subject property is located.


I’ve Signed a Contract, What Do I Do Now?


Call our office at 440-801-5000 or email us at service@maximumtitle.us to arrange your closing.  We will do our best to work around your schedule.


What is the difference between Home Owners Insurance versus Title Insurance?


Home owners’ insurance protects you from what might happen.  Title insurance protects you from things that have already happened but are unknown or hidden.

 

What is the difference between Standard Title Insurance versus an Enhanced Homeowner’s Policy of Title Insurance?


Enhanced Home Owner’s Policy Title Insurance offers coverage that extends to include protection against forgery and impersonation. With fraud on the rise, having a superior policy is a safeguard that is well worth the investment.  Maximum Title and Escrow can provide you with options for the best way to protect yourself.


Additional Resources

  1. Consumer Reference
  2. Transaction Flow Chart


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