8315 W. 10th Street, Indianapolis IN 46234. 
317-214-6023

Top 5 Questions You Should NOT Ignore Before Hiring A Title Company

September 20, 2024

A title company's responsibility is to guarantee that a property's title is legally transferred from the seller to the buyer by completing a thorough title search. It's a crucial job, and if you're thinking about buying a house soon, you'll need the help of a reputable title business.

While it's easy to simply Google someone nearby, you have to be meticulous when choosing a title firm. Don't hire the first title business you encounter; instead, ask as many questions as you can to get the answers you need.

Top 5 Most Important Questions To Ask Before Hiring A Title Company

How long does title research take?

If you're on a tight deadline, this is an important question to ask.  Detailed title research typically takes about two weeks; however, title firms that are efficient enough can achieve tight deadlines if necessary. Some organizations may require more time, so discuss this with your title company before hiring them.

Do you share the findings of your research?

If any exceptions are found in the research, all title companies are required to report the findings in documented records. Before you hire your title business, be sure they agree to deliver recorded paperwork.

Who owns the title insurance company?

The Real Estate Settlement Procedures Act requires every title insurance firm to reveal its owner. It could be a lender, a real estate company, or a builder. Before hiring, make sure you know who owns the title company. Furthermore, it is ideal to choose a local title business rather than a non-local one. Local companies are more familiar with your area's real estate regulations and markets.

broker talking to a client

How responsive is your company?

If you have any questions, you'd like the company to answer swiftly. So before hiring any title business, inquire about their mode of communication (email, phone calls, etc.) for your peace of mind. Nothing is more frustrating than dealing with an uncooperative title firm.

How experienced are your attorneys?

The title company's attorney will ultimately decide whether or not you may lawfully acquire a house. So you'd like to know how experienced their lawyers are. Ideally, your attorney should have greater expertise in handling real estate settlements.

Our final thoughts

Using a title company when buying a home is important. However, it is equally necessary to be critical because you will be investing a significant amount of money in the purchase of the house.

IndyLegal At Your Service

If you need outstanding title service, IndyLegal is here to assist you!

We've helped commercial and residential sellers and buyers, investors, lenders, and realtors by providing world-class services, such as insurance, title search, escrow services, and more.

Call us at 317-214-6023 to know how we can assist you!

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8315 W. 10th Street
Indianapolis IN 46234
317-214-6023

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