Real Estate Purchase Transactions

Contact us for Real Estate Purchase Transactions


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A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title.

An Owner’s Policy of title insurance insures you against actual loss you suffer resulting from certain title risks covered by the policy, if those title risks affect your property on the effective date of the policy.

The following is a list of the title risks covered by an Owner’s Policy:

  1. Someone else owns an interest in your title, and that person’s interest is not listed in the policy.
  2. A document affecting your title was not properly signed, sealed, acknowledged or delivered.
  3. Forgery, fraud, duress, incompetency, incapacity or impersonation.
  4. Defective recording of any document.
  5. You do not have any legal right of access to and from the land.
  6. There are restrictive covenants limiting your use of the land, unless we listed those restrictions in your policy.
  7. There is a lien on your title because of a mortgage, judgment, tax or special assessment, or a charge by a homeowner’s or condominium association, unless we listed those liens in your policy.
  8. There are liens on your title, arising now or later, for labor and/or material furnished before the effective date of the policy, unless you agreed to pay for the labor and/or material.
  9. Other people have rights arising out of recorded leases, contracts or options, unless we listed those recorded documents in your policy.
  10. Someone else has a recorded easement or servitude on your land, unless we listed those recorded documents in your policy.
  11. Your title is unmarketable, which allows another person to refuse to carry out a contract to purchase, to lease or to make a mortgage loan in connection with your property.
  12. Other defects, liens or encumbrances not listed as exceptions in the policy.13. Additionally, depending upon the type of Owner’s Policy you purchase, you may also be covered against the following title risks:

a) You are forced to remove your existing structure, other than a boundary wall or fence, because it extends on to adjoining land or on to any easement, violates a restriction listed in Schedule B of the policy, or violates an existing zoning law.

b) You cannot use the land because use as a single-family residence violates a restriction shown in Schedule B of the policy or an existing zoning law.

At Key Tile we also maintain an escrow account — this account contain the funds needed to close on the home — to ensure that this money is used only for settlement and closing costs, and may conduct the formal closing on the home. At the closing, a settlement will bring all the necessary documentation, explain it to the parties, collect closing costs and distribute monies. Finally Key Title & Escrow ensures  the new titles, deeds and other documents are filed with the appropriate entities.