Enhance your Property Closing Journey
Navigating a purchase or refi doesn’t need to be complicated. At Royal Title, we ensure a smooth and hassle-free experience for you.
Our services
Title solutions for your closing needs.
Home Closing
As part of the residential home closing process, core title services provided help to ensure a clean transfer of ownership by verifying the seller’s right to sell and issuing an owner’s title insurance policy to protect the buyer from covered title defects.
Commercial Closing
A Commercial closing typically involves properties that are used for business purposes, such as office buildings, apartments and warehouses. The seller and buyer are typically corporate entities. Depending on the type of transaction, these closings can be a very complex process with closing date of 60 days or more.
Refinance
Refinancing replaces your existing loan with a new one, often aiming for a lower interest rate or to shorten the loan term. This can save you money overall or free up monthly cash flow.
For Sale by Owner
A for sale by owner (FSBO) is a property sold by the homeowner themselves, without the help of a real estate agent. This can save the seller money on commission fees, but requires more effort in marketing and navigating the selling process.
Reasons why Title Insurance is important
A home is probably the single largest investment you’ll make in your life. You insure everything else that’s valuable to you—your life, car, personal property, health, pets, jewelry, etc.—so why not your largest investment? For a one-time fee, owner’s title insurance protects your property rights for as long as you or your heirs* own the home.
If you’re buying a home, there are many hidden issues that may pop up after purchasing it. Getting an owner’s title insurance policy protects you from legal title discrepancies. Don’t think it will happen to you? Think again. Here are just some of the many situations that you’ll be protected from if you have owner’s title insurance.
Unforeseeable title claims, such as:
- Forgery: making a false document
- For example, the seller misrepresents the identity of the person selling the property.
- Fraud: deception to achieve unfair gain
- For example, someone steals your identity and either sells your house without your knowledge or consent, ortakes out a second mortgage on the property and walks away with the money.
- Clerical error: inconsistent paperwork and historical records
- For example, an unforeseeable discrepancy in the property or fence line causes confusion in ownership rights.
Unexpected title claims, such as:
- Outstanding mortgages and judgments, or liens against the property because the seller didn’t pay required taxes
- Pending legal action against the property that could affect your ownership
- An unknown heir of a previous owner who is claiming ownership of the property
Owner’s title insurance is a one-time fee that’s very low relative to the value it provides. It typically costs around 0.5% of a home’s purchase price.
As long as you or your heirs own your home, owner’s title insurance protects your property rights.
Home insurance and warranties protect only the inside of the home. Getting owner’s title insurance ensures your family’s property rights stay protected.
If you’re buying a home, owner’s title insurance lets you rest assured, with the knowledge that you won’t be stuck with certain existing debts or legal problems once you’ve closed on your new home.
