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Once closing day arrives, you will have completed many tasks, such as signing and delivering a contract to Mutual Title LLC, and in the case of a buyer or borrower, you may have obtained an inspection, received a copy of your appraisal, etc. When you arrive at Mutual Title LLC or when you meet a...
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Escrow can take on many meanings. But if you are using a title company in Texas it can be narrowed to the following: Escrow Process: the Buyer and/or Lender deposit funds into the title company’s escrow account, where the funds are held until certain conditions are met, the file is fully “closed”, and disbursements may...
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Title Insurance is an insurance policy that pays the policy holder for actual defects or issues with title on a property. The title company would be responsible for paying specified legal damages against a valid claim. Title insurance is generally required by a lender, but every buyer should consider a title policy even when not...
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