With our job, most people only see the tip of the iceberg when it comes to title insurance, but we’re diving into the depths with Sherri Miranda from DE Title. Sherri will answer some common questions about the importance of title insurance.
1. What is title insurance?
When you purchase a home, you work with a broker to find the home. After that, you get an attorney who will put together a title report and that is going to be title insurance. It’s like buying a used car. The first thing you do is look to see if a bank is on the title, and if there is, you know that the title isn’t clean and you won’t be able to transfer it to the next owner. It’s the same exact process when you purchase a home.
The title company works to ensure that the home is free and clear. The title company will facilitate the entire transaction. They will collect the funds and record mortgages, so the title company is a very important facet in purchasing a home.
2. When is a good time to start thinking about title insurance?
When your contracts are signed early in the transaction, your attorney will order title insurance and the policy, which will dive into everything. Make sure you work with an efficient title company that can get your report back quickly. That way, if there are any issues they will have plenty of time to correct them.
3. Can the buyer request a certain title company?
Most buyers aren’t aware they have the option, but yes, they can work with any title company that they wish. I enjoy working with the Lenard Team because they go above and beyond to make sure their buyers are aware of all their options. Most brokers let the attorney handle it.
4. What are the advantages of using DE Title?
Our knowledge, experience, and professionalism. Our return is very quick. We do our due diligence and make sure everyone is aware of what’s going on. The whole process can be very daunting at times, but we present service with a smile and make sure things are done correctly.
If you have any questions for Sherri, you can call her at 631-433-2224 or send her an email at firstname.lastname@example.org. As always, if you have any real estate questions, please don’t hesitate to reach out to us.