Honest Title Agency plays a crucial role in real estate transactions, primarily ensuring the legal transfer of ownership of property in New Jersey and Pennsylvania.

We take pride in doing things a little bit differently at Honest Title Agency. We offer commercial and residential real estate closing services in New Jersey and Pennsylvania, including title search, title insurance, escrow, and settlement.

Here’s a breakdown of what a title company typically does:

1. Title Search and Examination: The title company conducts a thorough search of public records to trace the history of ownership of a property. This search helps to identify any liens, easements, or other encumbrances that might affect the title or ownership of the property.
2. Issuing Title Insurance: Title companies provide title insurance, which protects lenders and homeowners against loss from defects in the title that were not discovered during the initial title search. This insurance covers both challenges to the ownership of the property and legal fees in defense of the title.
3. Escrow Services: Title companies often act as a neutral third party to handle the escrow process during a real estate transaction. They manage the exchange of money and documents between the parties involved according to the escrow instructions.
4. Closing Agent: The title company often serves as the closing agent for real estate transactions. In this role, they prepare and record the necessary closing documents such as deeds and mortgages, and ensure that the transfer of funds complies with the terms of the transaction.
5. Facilitating the Closing Process: The title company coordinates all parties involved in the real estate transaction, including buyers, sellers, lenders, and real estate agents, to ensure that the transaction closes smoothly and on time.

Overall, the title company ensures that the purchase and transfer of property is conducted legally and with a clear title, protecting all parties involved in the transaction.