The title company protects the buyer an seller and makes sure that the title to a property is legitimate and then issues title insurance for that property to protect the transfer. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. To offer that protection, the title company researches the title and looks for claims (liens) against the property that must be satisfied before the transfer of title takes place.
The title company manages the closing process to make sure all parties are paid in the transaction and past liens are paid in full. A title company is managed by an Attorney and produces legal documents that are filed in the County of Record to define and protect the owner of the property from claims against the property.
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