Money and Success

Surviving the Credit Crisis

Karen Simpson-Hankins,CTACC

Surviving the Credit Crisis – Title Insurance & Escrow, What Is It and How Are You Protected?

If you have ever bought or sold a home…or are about to buy your first home, I’m sure you’ve seen a charge on your Good Faith Estimate or HUD1 Closing Statement for title insurance and escrow fees. But what actually is title insurance? And…what does it cover?

Join me today as my guests, Charlie Cookson and Sharon Kunkel of Western Title and Escrow Company as we discuss everything you need to know about these valuable resources. Western Title and Escrow Company has been owned and operated in Oregon for more than 30 years and provides title and escrow services that support real estate and lending professionals. With a deep commitment to community and service that leads with knowledge and integrity, it’s Western Title and Escrow Company’s mission to provide each customer with a superior closing experience from their first interaction through their last!

The topics we will be discussing today include:
• What does title insurance cover?
• What does it not cover?
• Why do lenders require title insurance?
• How much does it cost?
• Why is it needed by the consumer?
• What is escrow and what functions do escrow officers handle in a typical transaction?
• Is title insurance and escrow required when I purchase real property?
• And much, much more!

For a one-time premium that you pay during the closing process, your title insurer assumes responsibility for all legal expenses required to defend the title to your property, if it’s ever challenged. It’s a win-win proposition that provides you with the peace of mind you need on one of the largest purchases that you will ever make in your life-time! It’s a show that you won’t want to miss…

For more information on how to navigate the home buying process with the tools you need to save time, money, and stress, click here.