Investors FAQs
What is title insurance and what does it protect against?
Title insurance for the home is a document that is valid in a court of law and shows evidence of ownership. Title insurance is a protection policy that reimburses the homeowner from any problems caused with the property’s title. It protects the homeowner from any fraudulent activity connected with the title.What is a car title?
An automobile title shows proof of ownership of the car. The car owner does not need a title company to get the title. It is issued by the department of motor vehicles (DMV). When the car is sold the title must be signed over from the seller to the buyer then goes to the DMV to register the car in his name.What is an escrow account?
An escrow account is established by a broker – often a title company – to hold money on behalf of the buyer or seller until the transaction is finished. Often it is easier for the buyer and seller to have the title company be responsible for transfer of funds. This allows the buyer and seller to maintain independence from each other and keep professional distance. A title company may also establish an escrow account between the buyer and the mortgage institution.
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