A title company's role is to verify that the current owner can legally transfer ownership to the home buyer – essentially, making sure the seller has the right to sell the property.
In this blog, we'll go over how a title company determines legal ownership and the process of transferring the title.
The Title vs. The Deed: Understanding the Difference
Although they may sound like the same document, a deed and title are very different. A deed is a legal document used to transfer the property from the current owner to the new owner. It's signed on the day of closing.
On the other hand, the title is a document stating who owns the property and whether there are any roadblocks to transferring the deed. When you're buying a new property, it's…