A home is a significant purchase that comes with a lot of responsibility and revolving parts. A title company is tasked with the job of ensuring that a dwelling is “unencumbered,” which means that no one other than the owner has a financial stake in the property or carries any debt for it. Title services do so by investigating to ensure that there aren’t any liens on a property via a title search.
We are a third-party vendor that works impartially with the buyer and the lender to make sure that your home-buying experience goes as flawlessly as possible. We research the property’s history of ownership to ensure that there aren’t any liens against the property that can come back to cause you financial problems.
Surveys are required before you close on a home purchase and are used to verify the confines of the property's boundaries. We provide our clients with a title abstract, which is a report that you and your lender will receive before your home closing.
There are times when we hold money in escrow. Escrow accounts are sometimes required so that lenders can verify that you have the necessary resources to pay for expenses. When purchasing a home, all parties either have to receive or send funds for the transaction. Our job is to make the transaction go as smoothly as possible so that you can close without incident.
Our title services are responsible for providing an accurate description of the legality of who can transfer ownership. The phrasing used can affect things like taxes and fees and if you can resell your home in the future, so it is a critical step to your financial future that you shouldn’t leave up to just any title service company in San Antonio.
Our title services provide two title insurance packages, one for the lender and one for the home buyer. Title insurance is meant to protect both of you from financial or legal harm if a title search does not properly uncover any parties who have a lien or can lay a stake in your property.
At AC Smith Properties, we manage the entire house closing (or “settlement”) and walk you through the complexities of the closing documents, then we finalize the title transfer and deed.