What is Title Insurance Anyway?

Title services and a title insurance policy protect the future of your real estate investments. We start by researching the full history of property as completely as possible through public records- in Texas many, property records go back to Spanish land grants in the 1880's! We clear up any known issues and then assume certain kinds of additional risk on behalf of the owners. A title policy premium is a one-time fee that is designed to protect owners and their investment against certain future claims. Through the years, a property may change hands many times through sale, inheritance, marriage, divorce, foreclosure or bankruptcy. Each transfer is an opportunity for an error in title to arise, which could affect whether the buyers have full ownership of the property.

We're Under Contract...Now What?

Once the contract is signed, it's brought to us with Earnest money* and we start putting all the pieces together:

Researching title;

Contacting parties to the contract for additional information needed to close;

Working with the lender (if any) to meet their requirements for closing and funding**.

Closing appointments are scheduled in coordination with all parties, but can change if any party is unable to fulfill their responsibilities on schedule. It's a good idea to keep your schedule as flexible as possible the day of closing.

* Earnest money is a deposit the Buyer typically makes per the contract to show the Seller that they are "Earnest" in going forward with the purchase of the property. Earnest money is held by the title company to be credited to the buyer at closing (or according to the terms of the contract).
** "Funding" means we've received approval from the lender (if any) to pay out loan proceeds to all parties including amounts due to the seller. In most cases, expect some time between signing papers and receiving funds or keys to the property. In general, new owners take possession after funding, not after closing.

Independence Title

*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 MLS and Realtor.com. 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. Vallure Realty also provides an Austin Real Estate Guide to consumers looking for houses or selling their home in Austin, such as mortgage tools, foreclosure and HUD listings, relocation guides, Austin facts, and other tools.*

What is Title Insurance Anyway?

We're Under Contract...Now What?

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