Description: Cost Title answers all the most common questions about real estate titles and title companies. What does a title company do? Is a title company necessary?
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The answer to this question is YES. The accepted practice in real estate industry is for the buyer to submit an offer to purchase a property either alone or through an agent. The buyer will then select a title company.
You can't transfer ownership of a property until you “clear title.” That means you've proven your title to the house is free of any clouds or defects such as liens, judgments, or bankruptcies.
A deed is evidence of a specific event of transferring the title of the property from one person to another. A title is the legal right to use and modify the property how you see fit, or transfer interest or any portion that you own to others via a deed. A deed represents the right of the owner to claim the property.