Horizontal Logo Title Resources, Inc in St. Louis, MO Residential and Commercial Title

Frequently Asked Questions

At Title Resources Inc., we understand that clients often have questions and concerns when it comes to title services. To provide clarity and address common inquiries, we have compiled a list of frequently asked questions (FAQs) to help you better understand the title process.

FAQs

Got a question? We’re here to help.

A title search examines public records to verify a property’s legal ownership history and uncover any potential issues that could affect ownership rights.

 

A title search is essential to ensure that the property being sold has a clear and marketable title, free from any undisclosed liens, claims, or encumbrances.

 

Title insurance is a policy that protects property owners and lenders from financial losses due to defects in the property’s title that were not discovered during the title search.

This varies by location and negotiation, but in some areas, the seller pays for the buyer’s title insurance policy, while the buyer pays for the lender’s policy.

 

Title defects are issues such as unpaid taxes, judgments, unresolved liens, or improper transfers that can affect the property’s ownership.

 

Title insurance protects against title defects, while homeowner’s insurance covers damages and losses to the property and its contents.

 

Yes, a property with a lien can be sold, but the lien must typically be satisfied from the sale proceeds before the property can be transferred to the new owner.

 

A title commitment is a preliminary report that outlines the conditions under which a title insurance policy will be issued.

 

A cloud on title refers to any issue or claim that could create doubt or uncertainty about the true ownership of a property.

 

A property survey is a detailed measurement and description of a property’s boundaries, structures, and features.

 

It depends on the severity of the issue. Some issues can be resolved, while others may require legal action or negotiation with the parties involved.

 

A quitclaim deed is a legal document used to transfer a person’s interest in a property without making any warranties about the property’s title.

 

The duration of a title search can vary, but it usually takes a few days to a couple of weeks to complete.

 

Yes, multiple owners can have varying percentages of ownership in a property, such as in the case of tenants in common.

 

A title company conducts the title search, issues title insurance, and facilitates the closing process to ensure a smooth transfer of ownership.

 

An easement grants someone the right to use a specific portion of another person’s property for a particular purpose, even though they don’t own the property.

 

Yes, many title issues can be resolved before closing through negotiation, payment, or legal remedies.

 

A title escrow is a secure holding of funds and documents by a neutral third party until all conditions of a real estate transaction are met.

 

A title opinion is a written legal assessment by an attorney regarding the quality and status of a property’s title.

 

While it’s possible, once a property sale is completed and the new title is recorded, contesting the transfer becomes more complex.

 

A mechanic’s lien is a claim by a contractor or supplier for unpaid work or materials. It can affect a property’s title by clouding ownership until the debt is resolved.

A quiet title action is a legal process used to resolve disputes or uncertainties regarding property ownership.

 

While it’s not legally required, purchasing title insurance is highly recommended to protect your investment.

While it’s possible, it’s often advisable to choose your own title insurance company to ensure unbiased protection.

In most cases, a judgment lien must be resolved before selling a property, as it can affect the property’s transfer of ownership.

Local expertise

Firstly, a local title company is likely to have a better understanding of the local real estate market such as it's laws and regulations. This can be evidently important if you are buying or selling property in an area that you are not obviously familiar with.

Title Resources, Inc in St. Louis, MO Residential and Commercial Title
Title Resources, Inc in St. Louis, MO Residential and Commercial Title

Personalized service

For one thing, a local title company is more likely to provide personalized service and attention to your needs. They can often undeniably provide more responsive and timely communication, which can specifically help ensure a smoother transaction process.

Faster turnaround times

With in-depth knowledge of the local real estate market, we can surely provide you with efficient and unquestionably reliable service that can help you close deals faster. Navigate the complexities of the real estate market by all means with ease and get the results you need in a timely and cost-effective manner.

Title Resources, Inc in St. Louis, MO Residential and Commercial Title
Title Resources, Inc in St. Louis, MO Residential and Commercial Title

Local relationships

A local title company may have many established relationships, for instance with local real estate agents, lenders, and other professionals involved in the transaction process.For one thing, this can significantly help facilitate communication, specifically with coordination between all parties involved.

Support for the local community

By working with a local title company, you are supporting a local business and contributing to the local economy in particular. Surely, this can be without doubt a meaningful way to give back to the community while also receiving high-quality services without reservation.

Title Resources, Inc in St. Louis, MO Residential and Commercial Title
Title Resources, Inc in St. Louis, MO Residential and Commercial Title

Title Resources Inc.

Don’t take our word for it.

Title Resources Inc. is consistent in customer service from receipt of the title order through closing and post-closing should questions arise. Altogether, our skilled title professionals show efficiency with their quick turn-a-round time and adept handling of all title issues. Not to mention, each member of our experienced staff takes pride in their work and is motivated to assist our customers in any way possible.

Title Resources Inc.

Orders processed in little as 48 hours!

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