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Traditional Settlement Services
Lakeside Title & Escrow offers traditional settlement services which play a crucial role in real estate transactions, ensuring a smooth transfer of property ownership. These services typically involve the coordination of various tasks, including the preparation of legal documents, title searches, and the management of funds. By acting as intermediary between buyers, sellers, and lenders, traditional settlement services help to mitigate risks and ensure that all parties meet their obligations. Overall, they provide peace of mind, facilitating a seamless closing process for real transactions.
What We Do
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Perform Title Search and assist with clearing title issues found in the search.
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Order and provide title insurance for lenders and owner
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Draft preliminary Closing Statement.
(We actively work with your lender in order to provide you and your clients a preliminary Closing Statement, as accurate as possible, a week prior to closing.) -
Coordinate with lender for preparation of loan package and Settlement Statement.
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Coordinate preparation of Deed of Conveyance with a licensed and well qualified attorney.
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Conduct the closing.
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Act as an escrow agent for rent-back security deposits and other escrowed funds.
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Record Deed of Conveyance and Deed of Trust in the appropriate courthouse.
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Disburse funds.
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Prepare and deliver title insurance policies.
Some Common Questions
Easy to Understand Definitions
What is a Title Search?
A title search in real estate is the process of examining public records to verify the legal ownership of a property and to identify any claims, liens, or encumbrances against it. This ensures that the seller has the right to sell the property and that the buyer will receive clear title upon purchase.
Conducting a thorough title search helps prevent future disputes and protects the investment in the property.
What is a Deed of Conveyance?
A Deed of Conveyance is a legal document used to transfer the ownership of real property (such as land or buildings) from one party (the seller) to another (the buyer).
It is a formal written instrument that outlines the details of the property transaction, including the names of the parties involved, the description of the property, and the terms and conditions of the sale.
What is a Deed of Trust ?
A Deed of Trust is a legal document used in real estate transactions, particularly in the context of securing a loan.
The main purpose of a Deed of Trust is to secure a loan by using the real estate as collateral. The property title is transferred to the trustee, who holds it until the borrower repays the loan. If the borrower defaults on the loan, the trustee has the authority to sell the property through a foreclosure process to repay the lender.
Why Hire Lakeside Title and Escrow?
By working with Lakeside Title and Escrow you will have the peace of mind knowing that we protect you from potential title issues, ensuring legal compliance, and facilitating a smooth real estate transaction. We offer a range of services, from conducting title searches to providing title insurance and managing the closing process. Our expertise in navigating the complex legal and procedural aspects of property transfers gives all parties involved confidence that the transaction is secure. Spend more time with your family while we handle the details!