(And It Does not Have to Cost an Arm and a Leg)

So what could go wrong at your Nashville closing?—A lot.  If you are the buyer, you want to know when you will get the keys, the information about the house alarm, and the warranty information.  After you take possession, you also do not want to have any other problems such as

• Unresolved tax liens
• Unresolved creditor liens
• Undisclosed or missing heirs
• Fraud in connection with the documents (even before you purchase the property)
• Unsettled claims against your property not shown on the records
• Confusion due to similar or identical names

In addition to your concerns as the buyer, the banker, the contractors, the government, and others have more.

A good title agency keeps you safe and these competing concerns straight by

• Researching the property for any and all potential problems
• Following the banks requirements
• Working with the real-estate agent(s) to ensure that requirements are fulfilled, and
• Double checking the status of any taxes, loans, and liens against the property.

Finally, the title agency offers you title insurance, which provides monetary compensation if the agency's due diligence still misses something. While a good title agency researches all available records that could cause a claim to appear, mistakes do unfortunately happen at times. In those cases you will want title insurance.

Providing closing services is a highly competitive service. Many companies cut corners to improve their profit margins. Others have to cut corners because their internal processes are not able to cope with the increasing complexity of real estate transactions.

In order to have a worry free closing with a Nashville Title Agency, look for the following 8 Criteria.

1) Experience and Certifications

Experience is key to ensuring you receive the highest quality in title and escrow services. How much experience does the staff have that will be handling your closing. The Tennessee Department of Commerce and Insurance requires closing agents to be licensed Title Insurance Producers.

2) Quality of the searches

The best way to prevent any hassles is to have a quality title search in the first place. As your grandmother always said, “an ounce of prevention is worth a pound of cure.” Ensure that the people actually doing the search have a track record of doing good work.

3) Choice of Policy Underwriting

The final backstop on all of this work is the title or loan insurance, which is only as good as the company that provides the insurance. Is the company providing the insurance doing well financially? Do they have adequate reserves, or could they be at risk of serious default in a few years.

4) Work Quality and Timeliness

With all of the details to track in a typical closing, you will want your closing agency, to be using the latest computer technology for their record keeping and tracking. This technology allows the agency providing the title research, the agency providing title insurance, and the closing agency to all communicate much more effectively and quickly.

5) Accessibility

Will the agency staff travel to your location as needed to ensure all deadlines are met and checks disbursed quickly? If not, is the title agency conveniently located?

6) Track Record with Customers

Check the references of the title agency. If possible, talk to a couple of references and find out how the title agency performed with respect to timeliness, efficiency, and customer service.

7) Expansive Services

Ask whether the title agency offers services other than title search and insurance. Are Nashville escrow and full closing services available? What about an Estates Attorney for particular problems such as a difficult will, probate, or an uncertain property history.

8) Competitive Rates

The comprehensive cost of title, escrow, and closing services should be considered before selecting a title agency.

Affordable Closings, LLC is a Nashville Title agency committed to closing your real estate transaction efficiently, effectively, and affordably.

Click Here to go to our About Us page in order to get more information about how we work and our credentials

Click Here to submit an inquiry to our office if you would like to use one of the most effective title companies in Nashville.