Residential Title Services
United Title offers a growing range of services to streamline residential and commercial real estate transactions, land titles, purchase agreements, and more. We are committed to providing the highest level of customer service for our clients. Our clients are realtors, mortgage brokers, contractors and developers, lenders, home buyers and sellers, investors, attorneys, and borrowers throughout Maryland, Virginia, and Washington DC.
Why Use a Title Company?
Navigating the home buying or refinancing process can be challenging. There will be documents, deadlines, and many other matters that you’ll need to handle to get to the finish line and complete the transaction.
An experienced title company will guide you through this process with the communication you need to understand what is happening. You’ll be able to get your questions answered and have issues addressed promptly to ensure your real estate investment is protected.
Residential Title Services
Purchasing a home may be the largest investment you’ll ever make. As with any investment, you’ve done your due diligence and are excited about your choice. While the land and the home might be visible, tangible assets, the actual title to possess and own the property is not.
Our residential title services include:
Once there is a sales contract, and you partner with our firm for residential title services, we quickly get to work on your behalf. Our team conducts an in-depth search of all relevant public records, including mortgages, deeds, liens, paving assessments, divorce settlements, wills, and other documents affecting the title to the property.
Fortunately, technology has made this process more streamlined than in the past. However, we may make some trips down to the local courthouse to secure the records we need on your behalf. Typically, newer homes have fewer documents to search for than older ones.
When you purchase a residential property, you assume that the seller is entitled to make a legal transfer. Title examination involves the process of going through all records obtained during the title search to ensure there isn’t anyone else with a claim or lien on the property that is going to materialize at some point in the future.
Things like unpaid association fees, contractor’s bills, or property taxes can show up in this search. If they do, they will need to be resolved before closing to produce a clear title.
Even with a thorough title search and examination, there may be unknown encumbrances, liens, or other defects that do not materialize prior to closing. Examples include undetected fraud or forgery on a prior deed or an unknown heir who comes forward to make a claim. If a claim were made after you closed on the property, it could cost thousands to defend the claim, and you could still lose your property. This is why we recommend title insurance.
Title insurance, which is required by most mortgage lenders, protects you in the event any title claim arises on your property in the future. Title insurance is paid at the time of closing with a one-time, affordable premium that is based on the sales price of the home. United Title offers competitive title insurance rates and would be happy to answer your questions about this valuable service.
Closing Cost Estimations
No one likes surprises when they buy or sell a home. United Title provides its clients with personalized service, which includes open communication about our competitive rates and complete closing costs estimates as soon as they become available. Anytime you have a question about a service or fee, feel free to contact us for an explanation.
At United Title, we offer Maryland escrow services our clients can trust. As a neutral third party, we handle the transfer of funds to ensure that all purchase and sale conditions are met.
When you use a trusted escrow service, your funds are held in a secure account until the transaction is finalized. If any conditions are not met during the process, the funds are returned to the buyer. Most mortgage lenders require the use of escrow to eliminate various risks, such as a homeowner refusing to pay property taxes. Our trusted team of residential title specialists promises to make the escrow process convenient and simple.
Also known as settlement, our services will ensure that all parties have adhered to the terms of the purchase agreement. At the start of the residential closing process, we will organize all of the documents you will need to sign. These items will include your legal disclosures, mortgage documents, and tax records.
Our team will help coordinate any inspections and other items you may need as the closing date approaches. Once the closing process is complete, the ownership officially transfers to you, and you’ll receive the keys to your new home.
But our work isn’t complete. We will make sure that any escrow payments are forwarded to your lender, pay all parties who performed services and record the transaction documents in your local county.
Other Residential Title Services
- 1031 Tax-Free Exchange Services
- Land Installment Contracts
- Notary Services
- Life Estate Deeds
- Land Trust
- Conservation Easements
Why Choose United Title?
We draw on our nearly four decades of experience in the real estate closing process to make things easier for our clients. Since 1983, United Title has handled countless transactions and evolved with the times, always with a focus on ensuring you get dependable, friendly, and timely closing services.
We are an established title company that is run by a team of experienced real estate attorneys who pride themselves on efficiency and integrity. We are small enough to offer you the personalized attention you deserve for such an important investment yet established enough to deliver the expertise and resources you require to overcome any challenges.
United Title works daily to reach customers all across the country. When you partner with us, you can rest assured that your real estate closings, purchase agreements, title insurance policies, and other land title transactions are handled properly and effectively. For more information about our residential title services, call our Severna Park office at (410) 544-5441 or contact us online.