A title company makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property.
Title companies typically maintain escrow accounts (funds needed to close on the home) and conduct the formal closing. At closing, a settlement agent from the title company will bring and explain docs for signature, collect closing costs and distribute monies.
Finally, the title company will ensure that the new titles, deeds, and other documents are filed with the appropriate entities.
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