SOUTHERN TITLE & ABSTRACT, INC.
Incorporated 1990
Privately owned and operated

Title Insurance
Real Estate Closing and Escrow Services
 

What is Title Insurance? Title Insurance guarantees your right and “title” to real property.

No other property has a useful life that compares with the life of land. Owners of goods may change their location at will, but land is stationary.  Because land is permanent, others may have acquired various rights in land by the time you come into possession. In order to transfer a clear title to a piece of land, it is first necessary to determine whether any rights are outstanding. Title insurance protects the owner and the lender from financial loss caused by title problems.  The title insurer, without any expense to you, will defend you against any attack on the title to your property as insured. Some examples of title claims are:

• Documents signed under duress
• Documents signed by a minor
• Documents signed with invalid Power of Attorney
• Documents signed with invalid Personal Representative
• Heirs claiming interest in a property
• Documents signed without disclosing joiner of spouse
• Documents signed without disclosure of a partner
• Forged documents

What does a Title Company do?  The function of a title company is to make sure the title to the subject property is clear for closing, and to issue the underwriting for that title. It is also our responsibility to coordinate all parties involved to insure a smooth and pleasant process. Some of the basic functions of a title company are:

 

• Search and examine the title to the subject property
• Assist in clearing any title defects
• Stay in constant communication with all parties to the transaction
• Obtain written statements for all mortgage payoffs and lien payoffs
• Obtain written statements for homeowner or condominium associations
• Order termite inspection
• Order survey
• Hold, deposit and disburse escrow funds
• Oversee the final closing, explain documents, notarize and witness
• Record documents
• Issue title policies

Southern Title & Abstract, Inc.

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Commitment, Professionalism & Service