Real Estate Closing Knoxville
Crossland Title Inc. is a Knoxville title agency providing full-service real estate title solutions. Crossland Title Inc. makes your closing seem effortless.
With more than 36 years of experience in the real estate and title business, owners Pam Rice and Beth Crox have built their reputations upon the virtues of personal service and integrity. They believe that reputation as an honest and reliable business is the recipe for success.
What will closing costs be?
Closing costs are best determined by your settlement agent or attorney. They can give you an estimate as to the actual closing cost. A loan estimate is also given to you by your lender. These costs may be a reasonable estimate. They may vary depending on the costs from the service providers in your transaction.
How can title insurance protect me?
Title Insurance policies insure titles to real property for owners and mortgage lenders. They provide the following protections: a) Payment of loss arising from hidden defects. Defects not found during a title examination or recording. b) Payment of legal expenses incurred to clear title defects. Which threaten the lender or owner with the loss. c) Assurance that the marketability of the property remains unimpaired from title defects.
Policies issued based upon a search and review of the public land records. Also, other relevant documents. A thorough examination is to determine title ownership. Also, any other matters affecting the property title and use of that property. Items that may affect a title include easements, restrictions, rights of way and judgment liens.
The coverage provided by a title policy is long-lived. The mortgage holder continues to protect upon foreclosure of the insured mortgage or deed of trust. The owner of real estate insures for as long as he or she owns the property. Also, the holder of a purchase money mortgage or deed of trust secured by the property. Also, is liable under the warranties included in his or her deed to convey the property.