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The Title Company, Who Needs One and What is Their Role?

Both home buyers and sellers will likely need to work with a title company. The title company is a third party vendor who becomes involved during the sales process. They are responsible for many critical aspects of the home buying and selling process.


Backing up, the actual title is a formal document that serves as evidence of ownership of the property. One of the first things the title company will do is conduct a search for any and all records pertaining to the property. For example, if the property has any liens or had any liens the search will show this along with when/if those liens were released. The history of the title is important because if there are any known issues they will need to resolved prior to closing. If this isn’t done, it could interfere with or prolong the closing date.


The title company also provides you with title insurance, an insurance policy that protects you against any financial loss. Examples of financial lost include: future claims on the property, loss of the property and any legal expenses associated with those risks. In addition, most lenders will require purchase of title insurance before closing on the property.


Lastly, the title company will assist you during closing. The agent will organize any outstanding invoices and collect the amount due from various parties. They will also prepare a closing statement which shows allocation of funds, and disperse funds post-closing if and when necessary, and they will prepare, notarize and file the proper documents related to the closing.



The title company plays a major role in home buying and selling. It’s important to work with an experienced and knowledgeable title company and agent that will be thorough in their search, as well as efficient in meeting the property’s closing deadlines. If you’re considering buying or selling a home, contact us. We are teamed up with professionals that will help you during every step of the process.

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