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When you think of buying a home, it’s easy to picture the moment you get the keys. But there is so much more happening behind the scenes that makes the process successful. At Lakeside Title and Escrow, our commitment is to ensure that every real estate settlement is seamless. As a title company, we play a vital role in ensuring your peace of mind throughout the transaction.
The Title Company's Role in Real Estate Transactions
A title company like Lakeside Title and Escrow is essential in real estate transactions. Our main job is to conduct an exhaustive examination of the property’s title history. This process checks for any liens, disputes, or claims that could cause problems for the new owner.
For instance, we might uncover undisclosed property liens that could amount to thousands of dollars. In 2022, nearly 25% of real estate transactions revealed some form of title issue. By ensuring the title is clear, we protect the buyer from future legal troubles and provide confidence in their investment.
Facilitating Communication and Coordination
At Lakeside Title and Escrow, we act as the communication hub for all involved parties: the buyers, sellers, real estate agents, and lenders. Good communication minimizes misunderstandings and streamlines the settlement process.
Our team is committed to being available to clarify details, provide updates, and answer questions.
Preparing for Closing Day
As closing day approaches, our responsibilities increase sharply. We prepare crucial closing documents, including the settlement statement, which outlines all financial aspects.
Title Insurance: A Vital Protection
Another important service we provide is title insurance. This insurance protects buyers and lenders against future disputes related to property ownership.
At Lakeside Title and Escrow, our comprehensive title insurance covers issues not discovered during the title search, safeguarding your investment for years. In fact, title insurance claims happen in about 5% of all transactions, making it a valuable protection to have.
Closing the Deal
On closing day, our team is there to guide all parties through the final steps. We ensure that everyone understands the documents they are signing.
Once all documents are signed, we oversee the transfer of funds and the recording of the deed with local authorities. This process establishes the new owner’s legal rights.
Your Partner for a Smooth Settlement Experience
Behind every successful settlement at Lakeside Title and Escrow is a dedicated team focused on the smallest details. From title searches to document preparation and coordination, we strive to provide support, transparency, and protection.
Choosing Lakeside means you have a partner who will guide you through each step of your real estate journey. We aim to make your settlement experience as smooth and stress-free as possible so you can focus on the excitement of your new home.
For more information about our services and how we can assist you, don’t hesitate to reach out!
