Residential Buyers and Sellers
For many people, a home purchase or sale is the largest financial transaction in their lifetime. We specialize in helping residential buyers and sellers navigate the complexities of property transactions while ensuring the highest level of security. Our team is dedicated to ensuring a smooth, seamless process, providing expert guidance every step of the way. With decades of experience and a commitment to excellence, we are here to make your home buying or selling journey as stress-free as possible. Whether you are purchasing your first home or selling your property, trust Elite Title Company to deliver unmatched expertise and exceptional service.Your Title Journey
At Elite Title, we guide you through each step of your residential real estate transaction with expertise and care. Here’s an overview of how we manage the process to ensure a smooth and successful closing:
Opening the Order
The journey begins when you sign the purchase agreement and place your order with us. We open a dedicated file for your transaction and gather all the necessary details about the property and the parties involved to kickstart the process.
Title Search
We conduct a comprehensive search of public records to verify the property’s legal ownership. Our goal is to identify any existing liens, encumbrances, or other issues that need to be addressed before the ownership can be transferred.
Title Examination
Our experienced underwriters meticulously review the results of the title search. This examination involves confirming the chain of title and identifying any potential issues that could impact the transfer of ownership, ensuring a clear path to closing.
Preliminary Title Commitment
We prepare a preliminary title commitment report that outlines our findings from the title search and examination. This report is shared with all parties involved—buyers, sellers, and lenders—providing transparency and clarity about the property's title status.
Clearing Title Issues
If any title defects or issues are identified, we take proactive steps to resolve them. This may involve addressing outstanding liens, obtaining necessary releases, or correcting errors in public records to ensure a clean title for the transaction.
Escrow Services
As part of our services, we may act as the escrow agent, securely holding funds, documents, and instructions from both the buyer and seller. Our role is to ensure that all conditions of the sale are met before proceeding, maintaining neutrality throughout the process.
Closing Preparation
We meticulously prepare for the closing by coordinating with you, the other party, the lender, and any other relevant parties. We ensure that all necessary documents, including the deed, settlement statement, and loan documents, are ready for signing.
Closing the Transaction
On the day of closing, we oversee the signing of all documents and ensure that funds are properly disbursed. We facilitate the exchange of the deed, handling all financial and legal aspects to ensure a successful and smooth closing.
Recording the Documents
Once the closing is complete, we take care of recording the deed and any other required documents with the appropriate government office. This step officially transfers ownership of the property to the buyer.
Issuing Title Insurance
After the transaction is finalized and documents are recorded, we issue title insurance policies for both the buyer and lender. These policies offer protection against any future claims or disputes over property ownership, giving you peace of mind.
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Services
for Buyers and SellersTitle Insurance
Title insurance policies protect against future financial loss due to title defects, such as undiscovered liens, fraud, or errors in public records. This insurance is essential for both buyers and lenders.
Title Examination
A comprehensive search of public records to identify any existing liens, encumbrances, or title defects. This service ensures the property's title is clear and ready for transfer.
Underwriting
Evaluating the risks associated with insuring the title and issuing the appropriate title insurance policy. This service helps protect both the buyer and the lender from potential title-related risks.
Escrow
Acting as a neutral third party, Elite Title manages the escrow account, holding and disbursing funds only when all conditions of the transaction are met. This service ensures that both parties fulfill their obligations.
Closing
Managing the closing process, including preparing and reviewing all necessary documents, facilitating the signing process, and disbursing funds. The goal is a smooth, efficient closing that finalizes the transaction.
Mobile Closings
Elite offers mobile closing services where a closing agent travels to the client’s location to finalize the transaction. This service provides flexibility and convenience, allowing clients to close the deal at a time and place that suits their schedule.
1031 Exchange
Assisting clients with 1031 exchanges, which allow the deferral of capital gains taxes by reinvesting the proceeds from the sale of one property into another, following IRS guidelines.
Survey Coordination
Coordinating with licensed surveyors to confirm property boundaries and identify any encroachments or discrepancies. This service is vital for ensuring the accuracy of the property’s legal description.