In the real estate buying and selling process, it is important that you would be able to choose a good title company to take charge of the closing. Having a good company will enable a faster and smoother closing. Take your time in deciding the company to choose.
If you are not quite sure what to expect from a title company, here is an overview of what they do:
1. The company initially prepares the abstract of title. Although this is just an abstract, this requires many works since they have to check the locality where the property is located and check on the record. The abstract contains the legal owner of the property, and indicates if there are mortgages, unpaid taxes or liens on a property.