The closing is the final step in executing a real estate transaction; property ownership is transferred from the seller to the buyer.
A refinance offers homeowners with a mortgage to update or change the terms of their loan, by obtaining a new loan to replace the existing one.
Protection for your real estate investment starts with a title insurance policy. Whether you're purchasing or lending on a home, land, investment property or commercial assets, Stewart Title Insurance policies give you peace of mind and are backed by well over a century of financial strength.
Title insurance protects against the possibility of future loss should your legal rights to your property be challenged.
The word title is a comprehensive term for all your legal rights to own, use and dispose of land. Title includes all previous ownership, uses and transfers. In order to insure the transfer of real estate property, a title search must be performed.
1 of every 3 title searches reveals a title or public record defect that is fixed before closing
The closing process is the completion of a real estate transaction during which the seller is transferred ownership of the property in exchange for payment of the purchase price. We are able to curate this process to both the buyer and seller's needs.
1031 refers to an IRS Code which allows this form of transaction. This is a legal way for an owner to sell property in direct exchange for another property while delaying the capital gains on the transaction.
Watch this video on the home closing process
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