Escrow Title Insurance Law
Almost any significant real estate transaction, whether commercial or residential, begins with title insurance and ends with closing escrow. The core element in the acquisition, disposition and financing of real estate is whether title to the real property is good, marketable and insurable.
Our title insurance and escrow services practice comprises experienced professionals who provide safety and security to our clients. We represent title insurance companies who reinforce this protection with their substantial assets and reserves. Our professionals have considerable experience in reviewing all of the underlying title documents and, in many cases, going well beyond the customary search period to provide you and your lender with that assurance. Drawing upon our experience and sophistication, we make sure that you have good marketable title through a careful examination of the policy and the proper utilization of all appropriate endorsements.
Title insurance is an insurance policy that provides protection against financial loss resulting from defects in your real estate ownership rights that were unknown to you at the time you purchased the policy. Although it is usually used to insure “fee simple” ownership, any real estate interest can be insured, including easements, leases, and even life estates. If a covered claim arises after you purchase the policy, the title company will either defend the claim or pay you for covered losses up to the limits of your policy.
Providing title insurance coverage is much more than filling in the blanks and issuing the title insurance policy. It requires a careful examination of the underlying documents that preceded the present transaction and an analysis of their affect on the proposed development and the potential uses of the property. In order to achieve the needed title insurance protection a careful examination and often revision of the proposed documents that will transfer and encumber the real property is necessary. The real estate professionals providing the survey, and often the environmental due diligence, needed to carefully review the title documents in order to ensure that the requirements of the buyer and the lender are met. The attention we pay to detail is crucial in protecting your most valuable possessions.
In conjunction with and ancillary to the issuance of title insurance policies, our talented staff of sophisticated professionals also provides escrow services. We prepare, examine, distribute, execute and record all of the appropriate and necessary documents to complete your real estate transaction. Paramountly, we take responsibility for the allocation, collection and distribution of all funds and financial instruments in a cautious and secure manner, respecting the rights and obligations of all the parties and in strict accordance with the appropriate instructions that we receive in connection with the transaction.
This service is just a small part of our overall responsive, efficient and sophisticated real estate practice which treats the needs of our clients as a top priority.