Knoxville Title Company FAQ
Our Title Agency is in Knoxville. We are fully committed to providing quality products and services to our communities. With more than 31 years of experience in the real estate and title agency business. The owners are Pam Rice and Beth Crox. They have built their reputations upon the virtues of personal service and integrity. Also, they believe that reputation as an honest and reliable business is the recipe for success. They have a knowledge base and support. The staff of Crossland Title is more than capable of guiding each client through the myriad of issues surrounding a real estate closing. Crossland Title Agency seeks the opportunity to continually earn your business. Trust our service driven, customer sensitive approach to the title industry.
What is Title Insurance?
Title insurance is a form of indemnity insurance. This insures against financial loss from defects in title to real property. Also, from the invalidity or unenforceability of mortgage loans. There are two types of title policies: Owners and Lenders. Lenders require fire insurance. Also, other types of insurance coverage to protect their investment. Nearly all institutional lenders require title insurance (lender’s policy). This is to protect their interest in the collateral of loans secured by real estate. Some mortgage lenders, especially non-institutional lenders, may not require title insurance. Buyers purchasing properties for cash or with a mortgage lender often want title insurance to protect their interest as well. A loan policy provides no coverage or benefits for the buyer/owner. Your decision to purchase an owner’s policy is independent of the lender’s requirement of a loan policy.
What Will My 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. Also, they may vary depending on the costs from the service providers in your transaction.
Contact Us Today!
At Crossland Title Company Inc., we understand that the purchase of a property is a significant decision that requires the support of an experienced, knowledgeable title company. Our team is dedicated to providing comprehensive title, escrow, and closing services to ensure the smooth transition of your real estate transaction. With our commitment to compliance and our use of advanced technology, we strive to make the closing process as seamless and stress-free as possible. Contact us today and learn why we are the top choice for title and escrow services in Knoxville, TN, and the state of Tennessee.
