Question 1

What is the role of a title company in a real estate transaction?

Accepted Answer

The title company plays a crucial role in a real estate transaction. It is responsible for providing escrow services, where an independent third-party receives and disburses money and documents for the parties involved. The title company also issues title insurance, which protects the lender and the owner against any potential issues with the property's title.

Question 2

What is the difference between a lender's title insurance policy and an owner's title insurance policy?

Accepted Answer

A lender's title insurance policy protects the lender's interest in the property, ensuring that the loan collateral is satisfied. An owner's title insurance policy, on the other hand, protects the owner's interest and provides protection against any potential issues with the property's title.

Question 3

How long has Innovative Title and Escrow Services been in business?

Accepted Answer

Innovative Title and Escrow Services was founded in November

Question 4

What is the company's goal when handling a real estate transaction?

Accepted Answer

Innovative Title and Escrow Services' goal is to provide a smooth and pleasurable experience for their clients, whether it's a purchase or a refinance.

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Real Estate Agency Companies near Parma, OH

Frequently Asked Questions about Innovative Title

What is the role of a title company in a real estate transaction?

What is the difference between a lender's title insurance policy and an owner's title insurance policy?

How long has Innovative Title and Escrow Services been in business?

What is the company's goal when handling a real estate transaction?

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