Title insurance protects buyers and lenders from potential future claims or disputes over property ownership. It ensures that you are financially covered if any issues arise with the property’s title after purchase, such as undiscovered liens or ownership disputes.

A title search involves examining public records and documents to verify the property's ownership history and uncover any potential issues like liens, encumbrances, or claims. This process helps ensure that the property’s title is clear and transferable.

Escrow is a neutral third-party service that holds and manages funds and documents during the real estate transaction. The escrow agent ensures that all conditions of the sale are met before transferring ownership and funds, providing protection and a smooth closing process for all parties involved.

Common documents required for closing include the purchase agreement, title insurance policy, loan documents (if applicable), proof of identity, and any necessary legal or financial disclosures. Your title company will provide a detailed list of documents needed prior to the closing date.

The title search process typically takes a few days to a couple of weeks, depending on the complexity of the property’s history and the availability of records. Your title company will provide an estimated timeline based on your specific transaction.

If an issue is discovered during the title search, such as a lien or ownership dispute, the title company will work to resolve it before closing. This may involve negotiating with the involved parties or obtaining additional documentation to clear the title and ensure a smooth transfer of ownership.