Why is it necessary to hire a title company? Assume you purchase a home without using a title company. Later on, you learn that the seller inherited the house from his parents and owns only half of it. The other half of the land belongs to his sibling, who shows up on your doorstep demanding their 50 percent share. You can imagine how terrible that would be for everyone involved. The title company and the title insurance policy you acquire from them will protect you from any potential liabilities and is a crucial element of the closing process.
Every Title Company should build its success on expertise, knowledge, honesty, and a commitment to providing the best closing experience possible.
Technology and Cyber Security
Technology plays a vital role in real estate closing. In today’s market, sophisticated technology services are critical to a Title Company’s success. Wire fraud, information security, and hacking attempts must now be taken very seriously by a title company.
They should be able to identify and prevent cyber-attacks and deny unauthorized access attempts. The basis of a title company is to assure you and your property from future unwanted liabilities. Before purchasing or selling a home, make sure you hire the title company services for security. Contact one for more information.