Title Company and Escrow Holder

When buying or selling a property, it is important to choose a title company that can act as an impartial intermediary. This company will hold all relevant documents, such as funds and deeds, until the transaction is completed. Additionally, the title company will thoroughly investigate the property’s history to ensure that the title is free of any hindrances by the closing date. This research will also determine if any new limitations, such as building or parking restrictions, have been added to the property’s title. It is possible that there may already be recorded easements or encroachments on the property, which means that other parties may have limited rights to use it.