Allied Closing Title Services, Inc. is a full service title insurance agency dedicated to providing exceptional title insurance and real estate closing services to Realtors(R), builders, lenders, and to the public. The company was created to provide faster and more accurate title services to Realtors(R), but has evolved into a full service title company to meet the ever growing needs and demands of the industry.
Throughout the state of Tennessee, we are prepared to handle your transactions. One of our major strengths lies within its people. We are proud of the top industry professionals who have joined our team and this pride is conveyed through our corporate "Sanctity of Contract" (described below) commitment.
Throughout the state of Tennessee, we are prepared to handle your transactions. One of our major strengths lies within its people. We are proud of the top industry professionals who have joined our team and this pride is conveyed through our corporate "Sanctity of Contract" (described below) commitment.
Services
Now that you've decided to buy a home, what happens between now and the time you can become its legal owner. First, your loan application will have to be approved. In doing this, the lender will include a credit check on you and an appraisal and survey of the property. Legal papers will be prepared for you (and the seller) to sign.
Probably the second most important event related to the buying or selling of a home is the selection of the title company. The Real Estate Settlement Procedure Act (RESPA) directs that the borrower/buyer makes the selection based on his or her personal experience with different title companies. Your title company will perform a title search, prepare the closing documents and act as the escrow agent.
I know that lenders protect their interests when providing funds to home buyers by obtaining a loan policy of title insurance. Does this policy cover any of my interest or equity?. No it does not. A lender goes to great lengths to minimize the risk of lending money for the purchase of real estate. First, credit is checked as an indication of the borrower's ability to repay the loan.
Title insurance protects the title to real estate that you are about to acquire. To understand why title protection is essential, we need to consider real estate for a moment. Real estate has always been considered man's most valuable possession. It is so basic a form of wealth that many special laws have been enacted to protect ownership of land and the buildings which stand on it.
An escrow is created when money and/or documents are deposited, by two or more persons, with a third party which are to be delivered upon the happening of certain conditions. The third party is known as the escrow agent or escrow holder. The authority given to an escrow holder is strictly limited by instructions provided by the parties involved.
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