Understanding the Title Search Portion of the Mortgage Processby Kelly Richardson
Loan Page Columnist
Email a Friend Printer Friendly
During the closing process, most lenders require that a title search be performed on the property. It's one of the services that you pay for in your closing costs, so it's useful to know a little bit about why and how the title search process works.
Home Loan Process: Other Title ServicesWhile it is the mortgage lender's responsibility to order the title search, the closing agent is the professional responsible for conducting the investigation. The primary goal of the title search is to protect the lender against the possibility of a fraudulent property sale.
Here are some other required title services that accompany the title search.
Title Search Step-by-StepA title search can usually be completed in a timely manner. Here are the steps most lenders take in order to conduct a full title search.
You will receive the information during the closing process.
About the Author
Kelly Richardson covers the local education and technology scenes in major cities across the country. His articles appear in educational journals, periodicals, and e-zines.
30-Year Fixed Rate -Get Mortgage Quotes In Your Area
15-Year Fixed Rate -Get Mortgage Quotes In Your Area