As Milam and Lee Counties continue to prosper, our mission is to be an integral part of this success and growth by providing the most prompt, efficient and courteous service to your real estate matters. We at Texas Country Title are committed to giving our all to the community and its needs.
Title insurance protects you and your lender if
someone challenges your property title because of title defects unknown at the
time you bought the policy. Possible
title defects include:
Errors or omissions in deeds
Mistakes made in abstracting and examining records
Liens for unpaid taxes
Liens by contractors
Before issuing a title insurance policy, title companies check for defects in your title by examining public records, including deeds, mortgages, wills, divorce decrees, court judgments, tax records, liens, encumbrances and maps. The title search determines who owns the property, what outstanding debts are against the property and the condition of the title.
Premiums for title insurance policies are established by the Texas Department of Insurance and no title insurance company can charge more or less for a specific amount of insurance.
For more detailed information, please contact the Texas Department of Insurance at www.tdi.state.tx.us.
Order is placed with the title company.
This normally includes presenting an executed Earnest Money Contract,
together with an earnest money check, to open escrow.
Title and tax search is performed.
Various tax assessors-collectors are contacted to verify the tax status
of the property. Copies of documents are gathered from the various public
records, including, but not limited to, deeds, liens, wills, divorce
§ Title is examined. The
examination process verifies the legal owner of the property, any outstanding
debts and the condition of the title. A title commitment is prepared and delivered to parties.
§ Once all requirements in title commitment have been resolved,
forms are prepared for settlement.
Escrow officer performs closing of transaction.
Seller(s) and Buyer(s) execute documents necessary to transfer title and
establish new lien, if any. Existing
liens and charges are paid (including seller, broker, attorney, title company,
§ Documents are recorded and title policies issued.