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What Does a Title Company Do for The Seller?

Written by Posted On Friday, 16 November 2018 09:22
What Does a Title Company Do for The Seller? What Does a Title Company Do for The Seller?

What Does a Title Company Do for The Seller? 

Selling a property is a big deal. In fact, to some people, it is the biggest transaction that they will ever make. A title company plays a key role in looking at the seller’s interest. You can sell your house without the help of a real estate agent, but you cannot afford to do so without the services of a title company. So, the big question is, what does a Title Company do for the Seller? In this article, we are going to answer this question to help you know how you will benefit as a seller from the services of a title company.

Attorney’s contracts

One key role that a title company will do for the seller is to help with various contracts and forms that are needed when selling property. Most title companies have real estate lawyers as part of their team. They will help you review various contracts to see if they are valid.

Title searches

This is one the greatest benefits that you will get when you hire the services of a title company. One of the main responsibly of a title agency is to conduct a title search. A title search is a public record examination of the property’s title. This search is very important because it determines if the property on sale is clear of liens and it is eligible for sale. The last thing that any buyer wants is to buy a property and later realize that the property has issues. A good title search will help uncover if the property has any issues and resolved them before the closing process.

They provide title insurance

A title insurance is crucial and required by most lenders. This insurance helps to protect the lender as well as the buyer from unseen defects. In most cases, these defects usually don’t show up when title search is being conducted and that is why extra protection is needed. When you have a title insurance policy, then it means that the title company will defend you in case there are claims against the title. You will only be required to pay a one-time fee during closing.

Paperwork filling

The title company will also help the seller with closing paperwork. The company will handle all paperwork with relevant government agencies and will ensure that both the buyer and the mortgage agency are served with proper closing documents.

Notary services

A title company can also provide quality notary service to the seller.

Lien negotiation and satisfaction

Erroneous liens are common. When you sell your property, you need to ensure that existing liens are paid off and are satisfied. This process can be very complicated and can derail the closing process. A title company can help negotiate lien payoff to ensure that you get to keep most of the sales price.

Coordinating the closing process

A title company will also help the seller in coordinating the closing process by ensuring that all parties involved are served with the right document so that the process goes smoothly. They also ensure that there is safe handling and disbursement of funds and documents. They will hold documents and submit them to the buyer only once payment and other conditions that have been set are completed.

This article proudly brought to you by:

Weston Title & Escrow Inc

2500 Weston Rd Ste 404, Weston, FL 33331

(954) 384-6168

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Original source: https://westontitle.com/weston-title-news/what-does-a-title-company-do-for-the-seller/ 

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Roy Oppenheim

Roy Oppenheim has been practicing law since 1987 focusing his practice on all phases of real estate and real estate development and redevelopment from land acquisition to multifamily, retail, office hotel, industrial and mixed use development, as well as single family home development for sale and rent. Mr. Oppenheim has routinely represented developers, investors, home buyers and lenders in these commercial transactions in Florida and elsewhere in the United States. He has been involved in virtually every stage of the development process from acquisition, due diligence, title insurance, financing and closing of such projects. Mr. Oppenheim’s client turn to him for his sharp legal acumen along with his entrepreneurial background that allows Mr. Oppenheim to approach each matter from a pragmatic and refreshing background. Further, clients enjoy Mr. Oppenheim’s infectious passion for his involvement in their business as well as his unbiased legal opinion based on a holistic approach; rather than from a siloed perspective. From analyzing, negotiating to structuring deals, Mr. Oppenheim’s clients turn to him time and again for his advice. Mr. Oppenheim also represents Florida real estate brokers and Realtors, individual buyers, and sellers in connection with the purchase and sale of Florida real property as well as litigates real estate disputes involving both residential and commercial properties. Mr. Oppenheim also served as outside general counsel for various Florida companies over the past 30 years providing sound legal advice to start ups as well as mature businesses concerning various business and corporate matters including governance, expansion, acquisitions, borrowing, commercial litigation, and employment related matters. The myriad of businesses Mr. Oppenheim represents is vast including from the fields of retail, hospitality, entertainment, healthcare, technology, import-export, and wholesale. Many of these businesses have both a physical and/ or online presence. Mr. Oppenheim here again brings his over three decades of legal knowledge and business experience to his clients and their respective businesses. After Working for Milbank Tweed on Wall Street and White & Case in Miami, Mr. Oppenheim founded Oppenheim Law in 1989 with his wife Ellen Pilelsky where they began representing Arvida development and its various home builders amongst numerous national banks such as Northern Trust, Chase Bank and SunTrust Bank for over 15 years. Serving national, international, and local clients, Mr. Oppenheim has the highest rating (A-V) conferred by Martindale Hubbell Law Directory, the most respected directory of lawyers and law firms in the U.S. He has also been selected as a “Best Real Estate Lawyer in the United States” since 2012, a designation of only 5% of all Lawyers. The Firm also has a 10.0 rating, the highest rating from AVVO another distinguished national rating service. In 1989, Mr. Oppenheim also co-founded and served as general counsel to ShopSmart Corp., the company that originated and owned the GNC Gold Card Program, a program that continues to this day and was one of the first cross-promotional programs of its kind. In addition, in 1994, Roy co-founded Weston Title & Escrow, the oldest title company in Weston, Florida that serves all of Florida and has closed in excess of three billion dollars in transactions. Mr. Oppenheim currently serves as its Senior Vice President. In 1999, Mr. Oppenheim also served a one-year term on the board of directors for Catalina Lighting, a publicly traded company on the New York Stock Exchange. Mr. Oppenheim is also designated by the Florida Secretary of State as an International Civil Law Notary, one of only 137 out of 106,000 attorneys in the State. In 2008, during the foreclosure crisis and the Great Recession, Mr. Oppenheim and his team of lawyers represented 1000’s of homeowners that were unable to pay their mortgages and were facing foreclosures. Facing daunting odds and the rath of large foreclosure mills funded by the big banks Mr. Oppenheim helped establish a new legal practice area of foreclosure defense while helping these homeowners defend themselves against the banks. During that time Mr. Oppenheim became an outspoken critic of the banks and started the Southfloridalawbog.com which was voted the best business and technology blog by the South Florida Sun-Sentinel. The blog was syndicated to Yahoo! Homes, and Newsweek. Mr. Oppenheim routinely appeared on HuffPost Live, FOX News, and Lifetime TV and on WLRN Radio. In addition, he has been quoted in prominent national publications, including USA Today, The New York Times and Huffington Post, among others. Mr. Oppenheim has also co-authored and two law review articles, Deconstructing The Black Magic of Securitized Trusts, published in the Stetson University Law Review’s Spring 2012 Edition, and The Emperor’s New Clothes, published in the William & Mary Business Law Review Volume 6. Both addresses systemic legal problems with the residential foreclosure process at the time. During that time Mr. Oppenheim became an outspoken critic of the banks and started the Southfloridalawbog.com which was voted the best business and technology blog by the South Florida Sun-Sentinel. The blog was syndicated to Yahoo! Homes, and Newsweek. Mr. Oppenheim routinely appeared on HuffPost Live, FOX News, and Lifetime TV and on WLRN Radio. In addition, he has been quoted in prominent national publications, including USA Today, The New York Times and Huffington Post, among others. Mr. Oppenheim has also co-authored and two law review articles, Deconstructing The Black Magic of Securitized Trusts, published in the Stetson University Law Review’s Spring 2012 Edition, and The Emperor’s New Clothes, published in the William & Mary Business Law Review Volume 6. Both addresses systemic legal problems with the residential foreclosure process at the time. Admissions Florida Bar, 1987; Member of the Real Property Probate and Trust Law Section New York Bar, 1987; United States District for the Southern and Eastern Districts of New York, 1987 U.S. District Court, Southern and Middle Districts of Florida, 1993 Education Princeton University, A.B., cum laude, 1982 Northwestern University School of Law, J.D., 1986 Member of the Northwestern University Law Review Member of the National Moot Court Team

https://www.oppenheimlaw.com

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