What Exactly Does A Title Company Do?

Buying a home is a difficult process, one that many new young homebuyers struggle with. At Armour Title of Texas, we’ve been providing Texans with our title insurance services for years. We wanted to take some time today to talk about how the title process can affect the purchasing of your home.

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The Differences Between a Title and a Deed

A deed is a legally binding document that can be used to transfer property from one owner to another. When closing on your home, your deed will be signed and transferred. A title is similar to a deed. If you’re on the title, you’ll have to sign documents relating to the mortgage. The title is actually the document that says you own the property.

How Does a Title Company Determine a Title is Valid?

The primary job of a title company is to validate a title when it’s being transferred. This is called performing a title search. While performing a title search, a title company will be tracking the property’s history, ensuring its legal transfer every step of the way. Title companies protect you against any restrictions, easements, or leases that may be made against your title. This process involves meticulous record checking and validating.

What Is Title Insurance?

Title insurance works to protect you and your property against claims. The whole point of performing a title search is to verify against any claims that could be made against you. A title agent searches through the history of a property, seeking out any possible claim that could be made against it, ensuring an efficient and proper transfer of property.

Work With a Professional Texas Title Company

If you’re planning on buying a home in the near future, be sure to work with a reputable Texas title company. Failure to do so could lead to some big problems down the line. At Armour Title of Texas, we’ve been providing the good people of the Lonestar State with our title services for years and hope to do so for many more. Get into contact with us today!