Title Commitment from A to D
Here is a quick and basic overview of the four sections of the Commitment for Title Insurance. In general, a title commitment
is a commitment by the title company to insure the sale of the property and issue a title policy if conditions in the
commitment are met.
Please contact your escrow officer with any questions about a particular title commitment or transaction.
"A" is for "Actual Facts" In other words, this is the
"Who, What, Where and How Much" of the transaction.
You will see the names of the seller and buyer, a description of the property, the sales price, and the
name of the lender if any.
"B" is for "Buyer Notification" of areas where other
parties have some interest or control of the use of
property. An example would be a utility easement, where the city would have a part of the land
reserved for their use, or a building setback requirement that prevents the homeowner from building within a certain
distance from the front of the property. These items are not covered.
"C" is for "Clear to Close" These items must be
resolved in order to transfer title to the new
owner. This would include such things as a mortgage to be paid off, marital status, home
improvement liens, unpaid taxes, or a requirement that another person - such as an heir or a former spouse -
participate in the sale of the property.
"D" is for "Disclosure" This last section outlines all
parties who will collect any part of the insurance
premium , including underwriters, title agents and attorneys.
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*Vallure Realty provides Austin Real Estate homes for sale through the mls and resources to help homeowners
and homebuyers selling and buying a home, condo, townhome or other property in Austin, TX. Vallure Realty can provide you with a
comparative market analysis of your home and listings of current Austin Texas Real Estate for sale on the Austin MLS and Realtor.com. Vallure Realty, as a discount realtor, also
provides services, which save you thousands of dollars in Real Estate commissions when buying and selling your home. Some of the many services we
offer are Austin MLS Full Service One Percent Listing, Austin Flat Fee MLS listing, Buyer Rebates and For Sale By Owner tools. This website, www.nicolepeel.com, contains articles and
links regarding Real Estate in Austin, and other detailed information to help guide you through the Real Estate transaction.
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