Title Insurance In A Nutshell
Legal ownership is not always cut & dry. Problems found in a properties title or legal ownership can result in significant financial loss. Title Insurance is a protection from this loss.

Title insurance gives you the assurance that possible clouds on title to the property you are purchasing, which can be discovered from the public records, have been called to your attention and such defects can be corrected before you buy.

Additionally, it is insurance that if any undiscovered claims covered by your policy arises out of the past to threaten your ownership of real estate, it will be disposed of, or you will be reimbursed exactly as your title insurance policy provides.

Escrow In A Nutshell
Escrow is a service which provides the public with a means of protection in the handling of funds and/or documents. Escrow enables the buyer and the seller to transact business with each other through a neutral party, thereby minimizing their risk. Once a seller and potential buyer reach an agreement, it will be time to select an escrow company. When a purchase offer has been signed by both sellers and buyers and an earnest money deposit has been put into a trust account, the transaction is said to be “in escrow.”

In the escrow, all parties involved give their instructions to this neutral intermediary, the “escrow holder” whose duty it is to assure that no funds or property will change hands until all instructions have been carried to completion.

When the escrow process is complete, the escrow service records the new deed in the buyer’s name, which finalizes the transaction.