Purchasing your own home isn’t easy. It’s a complicated, lengthy process with plenty of room for error and issues. Many of those problems can be avoided by reviewing the paperwork to the best of your ability and asking thorough questions. Still, it’s a lot for anyone to familiarize themselves with realistically. With all those details, it can be easy to overlook something important. Your Maryland title company can help you sort out these issues by reviewing documents, protecting your investment, and helping you finally purchase the home of your dreams.
As the name would imply, your Maryland title company is going to be able to help you with titles. Here’s the process: attorneys prepare the deed to a property, sellers then sign the deed indicating that there is a new property owner, and a title company’s representative notarizes the signatures. They then submit that deed to the county recorder’s office. This is the process by which a property officially changes owners.
Your Maryland title company can hire an independent examiner, which then reviews the title of the property in question. They also search public records to detect any problems with the title’s status, such as a question over the transfer of the title. A title company can then provide both parties with information about the title, which can, if necessary, be used to secure title insurance. This prevents delays or expensive legal fees that could come at a later point.
Many mortgage companies actually require that you get title insurance before they will issue a loan. This helps protect them if there are prior claims on the title to your home like liens, but it also helps protect you.
Closing the Deal
Make the closing process quick and painless by using a title company. Your representative helps ensure that all proper paperwork is submitted, instructions have been followed, and every protocol has been met.
A Title Company You Can Trust: Colony Title
At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, and LinkedIn.