Why buy title insurance in the current depressed real estate market?
If you look at why buy title insurance you get a good overview of the reasons why the one time charge for a title insurance policy is money well spent. However, I continue to run in to people who think it is a racket because in their perception there aren’t that many title insurance claims.
When done properly the process by which title to a property is examined, a commitment to insure is issued to a purchaser or lender, the various exceptions are reviewed by the purchaser or lender, and policy issued, serves not only an “insurance” function, but also a “due diligence” function. The buyer, or lender, knows what easements, covenants, and encumbrances exist as far as one can tell from the local land records. This means that every issue is identified, and disclosed. An informed decision can therefore be made to go forward with the transaction, or not to proceed.
Loudoun Commercial Title exists to help you with your commercial or residential real estate transaction. We assist you with all your title insurance, settlement, and due diligence requirements in connection with real estate purchases, sales, and financings. We answer your questions about the settlement process.
On our page, you will in addition find information and resources that will help to facilitate your title insurance and settlement experience.
Our Philosophy
At Loudoun Commercial Title we strive to add value and customer satisfaction through extensive knowledge of the structuring of transactions, and through an energetic and detail oriented approach to all of our work.
We will work to make sure that all parties understand:
The structure of a purchase and sale, or financing transaction.
Their role in the transaction.
What requirements must be met to close the transaction smoothly and without unexpected problems.
We value maximum speed in identifying and resolving issues as they arise, not waiting until the settlement date.
We work to make maximum use of technology, the Internet, and email to communicate with our customers and to make sure that our transactions are handled accurately and cost effectively.
We strive for accurate and prompt closeout of transactions, including recordation of documents, disbursement of funds, and completion or resolution of any outstanding items.
This is our pledge to you.
Thank you for taking the time to visit our site, and we hope that you will contact Loudoun Commercial Title for all of your title insurance and settlement needs.
"... protection against a claim to the title of your property."
Why Buy Title Insurance?
" Title insurers work to identify and eliminate potential risks and, therefore... read more.
Take This Hammer:
Bob Gordon, President of Loudoun Commercial Title, made the movie "Take This Hammer" about his personal life journey building dry stack stone walls and playing the old time music that makes the work go smoothly.
