Title / Escrow
Everything you need to know about using a title company for your purchase.
A title company verifies that a property's title is free from any claims, liens, or back taxes. If any issues with the title are discovered, the title company works to resolve them.
Key Difference Between Our Service and a Title Company's
Although we carry out similar title research and validations, we do not have an underwriter for insuring our properties, which can make our assurances less impactful to banks and lenders compared to those from a title company.
Is Using a Title Company Mandatory?
No, you have the option to pay us directly via cashier's check, bank transfer, or wire transfer. We handle the preparation and recording of all transfer documents.
The Process, Timing, and Costs of Title Company Transactions
The process begins after your non-refundable doc fee payment. Within 24 hours, we email you a sale/purchase agreement. Once signed and submitted by you, the title company starts their work. Title companies usually need 30 to 45 days to complete their work due to their extensive transaction lists.
Expected Closing Costs
Closing costs often correlate with the property's purchase price or the value you're insuring it for. They generally range from $500–$2,000, varying with the title companies and states.
When will I receive the deed?
The deed typically arrives with insurance documents about a month later. Please note that we have no control over how fast the title company delivers these documents — any queries regarding this should be directed to the title company.