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

From Wall Street to Main Street, Roy Oppenheim is a successful serial entrepreneur and attorney focusing on Florida real estate, foreclosure defense, loss mitigation and Internet ventures.

 

He founded Oppenheim Law in 1989 with his wife Ellen Pilelsky and uniquely positioned the Firm as one of Florida’s leading boutique law firms in Weston, Florida.

 

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.

 

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, he co-founded Weston Title & Escrow, the oldest title company in Weston, Florida, and he currently serves as its Vice President. In 1999, Mr. Oppenheim served a one-year term on the board of directors for Catalina Lighting, a publicly traded company on the New York Stock Exchange.

 

Growing up in the Bronx, Mr. Oppenheim learned to be focused on success and driven to always persevere for opportunity.

 

In 2009, he started the South Florida Law Blog, which was voted the best business and technology blog by the South Florida Sun-Sentinel. He also serves as an expert witness on title industry practices.

 

Mr. Oppenheim has also authored two law review articles with Jacquelyn Trask; namely, 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.

 

Today, Mr. Oppenheim is a sought-after legal expert on issues relating to the real estate crisis and beyond. In addition to his own blog, he also has been a contributor to Yahoo! Homes, and featured on HuffPost Live, FOX News, and Lifetime TV. In addition he has been quoted in prominent national publications, including USA Today, The New York Times and Huffington Post, among others. Mr. Oppenheim also understands the power of social media, and can be found on a variety of social media platforms.

 

Mr. Oppenheim also speaks fluent German.

 

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

Original source:  https://www.oppenheimlaw.com/who-we-are/meet-our-team/roy-d-oppenheim-esq/ 

https://www.oppenheimlaw.com

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