| Frequently Asked Questions | |
| Q | What is title insurance? |
| A | Title insurance stands behind the title or the Deed. It protects against and defends all claims against ownership. |
| Q | Who pays which fees at closing? |
| A | Although each situation may differ, here is brief list of some of the standard fees for sellers and buyers.
Seller's Fees:
Buyer's Fees:
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| Q | Can American Title prepare an Offer to Purchase? |
| A | Yes. Our staff attorney drafts Offers to Purchase regularly. |
| Q | What services does American Title provide? |
| A | We provide a variety of services, here are a few examples: (Legal) - draft Offers and Deeds, (Title) - research and insure your title, (Closing) - close your loan and record your Deed, (Construction disbursement) - disburse funds and collect lien waivers |
| Q | Is title insurance required when I buy or sell real estate? |
| A | Yes. In almost all situations title insurance is required by the Offer to Purchase and/or by your lender. |
| Q | What is a Deed? |
| A | When you buy real estate you receive a Deed. The Deed is your title of ownership. It is the foundation of your purchase. |
| Q | How much does a title policy cost? |
| A | The premium for a title policy is based on the purchase price of the property. Discounts are often available if you can provide prior title evidence (i.e. an abstract for the property or another title policy). This ONE-TIME premium is all you pay to obtain the protection and peace of mind that comes with a First American title insurance policy, for as long as ownership remains in your name. |
