Whether you're purchasing real estate for the first time or your a seasoned veteran, our professionals are here to make the journey to homeownership easier on you. We go above and beyond to assure that you're experience in the real estate process is a good one. Whatever title services you need, our team is dedicated to the concept of eliminating as many potential title problems and future losses as possible to insure that your ownership of the property will be peaceful and enjoyable.
An escrow is an arrangement in which a disinterested third party, called an escrow holder or settlement agent, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions. People buying and selling real estate often open a sale transaction with the settlement agent for their protection and convenience. The buyer can instruct the settlement agent to disburse the purchase price only upon the satisfaction of certain prerequisites and conditions. The seller can instruct the settlement agent to retain possession of the deed to the buyer until the seller's requirements, including receipt of the purchase price, are met.
Both rely on the settlement agent to carry out
faithfully their mutually consistent instructions relating to the
transaction and to advise them if any of their instructions are not mutually consistent or cannot be carried out.
As a contract collections service we are an independent third party agent that receives and disburses payments on contracts and deeds of trust between private parties.
Our Services include accepting payments from buyers via mail or walk in's always welcomed, disbursing funds to sellers in a form of a check or deposit into their bank account, payment history and year-end interest reporting to the IRS.
Our Services also include payment coupons to buyers, and payment notifications to sellers as well as payoff quotes.
When the contract is paid in full we will record your documents with the Ferry County Auditor's Office and send all original documents to the appropriate parties
Title Insurance Protects Your Asset Title insurance gives you the assurance that possible clouds on title to the property you are purchasing - which can be discovered from the public records - have been called to your attention that such defects can be corrected before you buy. Additionally, it is insurance that if any undiscovered claims covered by your policy arises out of the past to threaten your ownership of real estate, it will be disposed of, or you will be reimbursed exactly as your title insurance policy provides.
Yes. Most commonly, the two different types of title policies issued are lender's policies and owner's policies. The lender policy protects the lender's interest in the borrower's loan. The owner's policy protest's the buyer's investment in the property.
Whether you are the buyer of the seller you want assurance that no funds or property will change hands until all of your instructions have been followed. With the increasing complexity of business, law and tax structures, it takes a trained professional to supervise the transaction.
The goal of title companies is to conduct such a thorough search and evaluation of public records that no claims will ever arise. Of course, this is impossible – we live in an imperfect world, where human error and changing legal interpretations make 100 percent risk elimination impossible. When claims arise, professional claims personnel are assigned to handle them according to the terms of the title insurance policy. Title insurance reimburses you for the amount of your covered losses as defined in the policy and will provide defense against wrongful claims against your title.
Here are some situations for which your title insurance would provide protection: Forged deeds, mortgages, satisfactions or releases of mortgages, and other instruments Impersonation of the true owners of the land by fraudulent persons Outstanding prescriptive rights not of record and not disclosed Liens from unpaid estate, inheritance, income and gift taxes Inaccurate or incomplete legal descriptions Mistakes in recording legal documents Special assessments that become liens upon passage of resolution and before recordation or commencement of improvements for which assessed Recorded easement, where the actual access path does not follow route described in the granted easement Fraud, duress or coercion in securing essential signatures Invalid, suppressed, undisclosed and erroneous interpretation of wills
A title search is the process of determining from the public record what the rights are to the land and who owns them. A title search is a means of determining that the person who is selling the property really has the right to sell it, and that the buyer is getting all the rights to the property (title) for which he or she is paying.