You searched for months on Zillow, you hired a real estate agent to guide you through the homebuying process, and now – closing time.
Except….what is a closing, anyway?
We get lots of questions like this all the time. But essentially – the closing (or the settlement, as it can be called in some states) is the important part of the purchasing process. This is the stage you legally commit to your mortgage loan.
Title insurance – an Owner’s Policy – protects your property rights. This one-time fee protects your important property rights for as long as you or your heirs own the property. Without title insurance, real-life title problems could affect your property rights.
Owner’s Policy protects you from:
Here’s what you can expect when you go to your title & escrow office for your closing:
Don’t be scared of your closing and your title insurance. It’s put in place to protect YOU, the buyer, from any real-life title problems that may occur on your property. And you don’t want that.
Enjoy your home, and congratulations on your closing!
For more real estate guides, stop by Pacific Alliance Title’s Blog.