Jameson Title Tuesdays
Introducing Jameson Title Tuesdays! Every first Tuesday of the month, find out more about our featured attorney by checking out our social media pages.
Additionally, join us weekly on Tuesdays to learn more about how Jameson Title can help you! With a smooth closing procedure and our neighborhood real estate attorneys, Jameson Title assures the effective conclusion of any real estate transaction. Jameson Title enhances your closing experience in every way by providing services including escrow management, buying, refinancing, short sales and more. Scroll down to read the answers to the most frequently asked questions about Jameson Title.
What is title? Why do my clients need it?
Title insurance protects your clients against risks associated with events that happened in the past. It is an insurance policy where the premium is paid upfront and one time, not annually. It covers the buyer as long as they remain in that home from any past claims that may come up in the future. Through title insurance, your clients are shielded from loss due to claims that may come up after closing the sale. Some examples of claims include another owner who has interest in the title, unreported liens on the property, improperly handled or recorded documents, and fraud.
In Illinois, it is the seller’s obligation to provide the buyer with an Owner’s Title Insurance Policy. It’s also customary for the seller’s attorney to place the title order on behalf of the seller.
What is a title?
A title is a claim to ownership of a particular piece of property. Included are the rights of ownership, exclusion from possession, control, pleasure, and disposition. A will, a court ruling, a statute, or the sale of the property are all ways that titles might change hands. Every time a title is transferred, a deed is created and submitted to the county clerk. source: info.rochfordlawyers.com
What is a title report?
A title report is a document that describes a property's ownership details and legal standing. A title report has to contain a number of essential elements. This comprises data about the county, zoning regulations, property valuation, and recent tax data. A complete, legal description of the property will also be included in title reports. source: fortunebuilders.com
How does title insurance protect me?
Examples of common problems that your title insurance typically covers are as follows:
Improper execution of documents
Mistakes in recording or indexing legal documents
Forgeries and fraud
Undisclosed or missing heirs
Unpaid taxes and assessments
Unpaid judgments and liens
Unreleased mortgages
Mental incompetence of grantors on the deed
Impersonation of the true owners of the land by fraudulent persons
Refusal of a potential purchaser to accept title based on the condition of the title
How long does a title report take?
Though it might vary, title work normally takes two weeks. The time needed to gather data for a title report totally depends on the individual doing the data collection. Most of the time, a lawyer or title agent may provide the information to a buyer a few days after reaching an agreement with a seller. source: fortunebuilders.com
Why Jameson Title?
Jameson Title provides you with the tools and services you need to close your transaction quickly and smoothly. As a valued client, we will do everything we can to make your transaction as seamless as possible. When you partner with Jameson Title, you will have your finger on the pulse of your deal throughout the entire process — from the listing agreement to the closing table. We will work tirelessly to provide you and your clients the assurance of a clean title and the peace of mind that comes from working with an unparalleled title team.
Our Key Benefits to You
Control: By having immediate and direct access to decision makers, you stay in control of your transaction. Our qualified and experienced staff will facilitate your transaction and closing, requiring less coordination by you.
Convenience: Your time is extremely valuable. You can close in your own branch office, as well as any of our closing offices across Chicagoland, spending less time traveling and more time growing your business. Closings are more convenient for both you and your clients.
Seamless: From our complimentary property profile to the handing of the keys at the closing table, every aspect of your deal is covered by our title professionals and local attorneys who specialize in real estate. Our superior level of services leaves a lasting impression on your clients. From the listing presentation to the closing of the deal, we guarantee a seamless and integrated experience that is simply unmatched.