1) Who chooses the settlement company?
During a real estate transaction, the buyer chooses the title or settlement company.  During a
refinance, the borrower chooses the title company.

2) Who does the settlement company represent?
The settlement company represents the transaction, ensuring that the terms of the contract are met.
Moreover, the closing agent and the settlement company do not act as an advocate for any of the
parties -- borrowers, sellers, lenders or agents.

3) What is Title Insurance?
Unlike most insurance which protects against future events, title insurance protects against things
that have occurred in the past.  Title insurance protects you in the event there is a claim or loss
against your ownership interest to the property.  The policy contains information regarding the
condition of your ownership rights to a piece of property.  It provides you with a peace of mind to take
the risk out of acquiring property whose legal history is unknown to you.  For a one time premium you
can receive a policy to protect against title defects or claims against the property and it can even
protect you after the property has been sold.

4) Why do I need Title Insurance if the Title has been examined for defects?
Even the most thorough title search will not uncover certain possible defects.  A few examples are:
mistakes in the public records, forged deeds and other documents or undisclosed heirs.  You don't
want an event to occur that may deprive you of your right to use the property or sell it.  To read
"Twenty Reasons why you should buy title insurance",
click here.

5) Why would I need a Lender's and an Owner's Title Policy?
Since Lenders and Owners have an interest in the clear title to the property, most Lenders will require
a buyer to purchase a Lender's Title Insurance Policy.  This policy protects the lender, only, against
possible title defects up to the maximum amount of the loan.  The Owner has no coverage under this
policy.  In order for the Owner to be protected they must purchase an Owner's Title Insurance Policy.
Title Insurance will protect you against any covered loss up to the full policy amount.  There
are two types of Owner's Policies available to the buyer.

6) What do I need to bring to closing?
The Settlement Process - Closing Details

7) How does the Seller get his and/or her money after closings?
The Settlement Process - Closing Details

8) In what form must the buyer's money be?
The Settlement Process - Closing Details

9) How long will settlement last?
The Settlement Process - Closing Details

10) Who will be at closing?
The Settlement Process - Closing Details

11) What is the process for getting my title policy and deed after closing?
The Settlement Process - Closing Details

12) How much does a title company charge for its part of the closing?
Our Rates

Still have questions?  Contact our office at cjones@westviewtitle.com or 540-434-7575
Frequently Asked Questions
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