Title Company in Houston Helps Facilitate a Smooth Home-buying Process

“Title companies in Houston help homebuyers obtain a title insurance policy by conducting a title search and evaluating all records associated with the property’s ownership, which confirms that the seller has the legal right to convey the property to the buyer. A title insurance policy protects lenders and owners from potential property ownership disputes, as well conflicts that may arise such as liens filed against the property or the current owner’s failure to pay the outstanding mortgage. In case of the latter, the burden of paying off the rest of the mortgage will fall on the shoulders of the new owner.

Buying a home should be an exciting time; however, homebuyers must keep in mind that the process involves challenges that they may not be equipped to handle on their own, including securing a title insurance policy. It is important to utilize the services of a professional, dependable firm like Riverway Title to ensure a smooth closing transaction.”


Why Selecting a Reputable Title Company in Houston is Important for Homeowners and Real Estate Investors

“A study by the New York Times regarding the susceptibility of U.S. cities to natural disasters indicates that Houston is fourth amongst U.S. cities with a high risk of experiencing hurricanes, tornadoes, floods, and the like. Each year damages caused by these weather anomalies force homeowners to repair their homes. What consumers don’t know is these same homeowners will attempt to sell their properties along with the outstanding debt they still owe to the contractors. For potential buyers, a reliable Houston title company would mean the difference between purchasing a new home and entering a legal nightmare.

Although there are many title companies that may offer the consumer protection against legal hassles and prevent obstructions that could interfere with the purchase of a home, it is critical that a home buyer or investor find a title company, like Riverway Title, that has an outstanding reputation, an impeccable record amongst clients and has extensive experience with resident

Buying Your First Home

People usually feel excitement when they think about buying a new home, especially if it’s their first time in doing so. There are many houses available to choose from, and it can sometimes leave a first-timer confused. Here are some things worth noting when buying a new home:

1. There are options. If you find the perfect house and it is way out of your budget, do not hesitate to look for other options. There are houses with similar features to the kind of property you have in mind, and for a reasonable price. All you need to do is to look more thoroughly.
2. Keep your interests in mind. If your perfect house does not fit in with your requirements, reconsider. Check the house’s features,location, accessibility and other factors to see if it meets your needs.
3. Make a good offer. Do not rush your offer. It is advisable to consult with an expert so you can make an offer that makes you happy and fits your available financing.

The prospect of a buying a first house is a milestone for any individual, but there isn’t any need for unnecessary sacrifice. Most importantly, don’t forget to consult a title company in your area. They can provide you with title insurance to protect you from financial loss in the event of defects with or invalidity of the property’s title.

What Does Title Insurance Cover?

When purchasing a new plot of land, there a number of legal processes that must happen before the title is transferred to you. One of these processes involves title professionals looking through public records for any problems with the land such as a previous owner with a debt to the contractor or any clerical errors. If any are found, these problems will be resolved before you pay and receive the title.

However, there have been a few instances of problems coming to light after the title has already been transferred to a new owner. When this happens, there is a danger of losing the rights to the property, and the money spent for the purchase of the title. According to title professionals, more than 1/3 of title reviews reveal problems with the title. Due to this fact and the terrifying prospect of losing the property later on due to these problems, people have begun purchasing title insurance.

An Owner’s Policy of Title Insurance protects you from the problem of having to vacate a property due to a title problem. This form of title insurance assures you that the title insurance company will help you—financially and legally—should a title dispute arise in the future. Errors or omissions in a deed, undisclosed heirs, and forgery are only a few of the problems that title insurance covers.

Don’t be caught reeling in the future. Contact a title company today to inquire about title insurance.