FAQs

We’ve compiled a list of the most frequently asked questions to help you understand our services. Simply click on a question to view the answer.

FAQs for Title Insurance

What is title insurance?
Title insurance is a one-time premium policy that protects you from financial loss due to hidden title defects, such as unpaid liens, errors in public records, or unknown heirs. It offers peace of mind for your real estate investment.
While not legally required in Oklahoma, title insurance is highly recommended. It safeguards you from potential issues that could cost you thousands of dollars or even your property. Lenders often require it as a condition of your mortgage.

Our title insurance policies typically cover a wide range of issues, including:

  • Undiscovered liens or encumbrances
  • Errors or omissions in deeds
  • Title fraud or forgery
  • False impersonation of the true property owner
  • Unmarketable title

We offer two main types:

  • Lender’s Title Insurance: Protects the lender’s financial interest in your property.
  • Owner’s Title Insurance: Protects your equity and ownership rights in the property.

The cost varies depending on the value of your property and the coverage you choose. We can provide you with a personalized quote.

FAQs for Deed

What is a deed?
A deed is a legal document that transfers ownership of real property from one party (the grantor) to another (the grantee). It’s a crucial component of any real estate transaction.

We prepare various types of deeds, including:

  • Warranty Deed: Provides the highest level of protection for the buyer, guaranteeing the seller has clear title to the property.
  • Quitclaim Deed: Transfers any interest the grantor may have in the property, but without warranties or guarantees of ownership.
  • Special Warranty Deed: Similar to a warranty deed, but the seller only guarantees the title against defects that arose during their ownership.

Proper deed preparation is essential to ensure the legal transfer of property ownership. Errors or omissions in a deed can lead to costly disputes and delays in the closing process. Our experienced team ensures your deed is accurate, compliant with Oklahoma law, and properly recorded.

The timeframe for deed preparation depends on the complexity of the transaction and the availability of required information. We strive to complete deeds as quickly as possible while maintaining accuracy and attention to detail.

To prepare a deed, we’ll need:

  • The full legal names of the grantor (seller) and grantee (buyer).
  • A legal description of the property being transferred.
  • The purchase price or consideration for the transfer.
  • Any specific conditions or restrictions related to the transfer.

FAQs for Escrow

What is escrow?

Escrow is a neutral third party that holds funds and documents related to a real estate transaction until all conditions of the sale are met. This protects both the buyer and seller and ensures a secure and fair closing process.

  • Opening Escrow: Once the buyer and seller agree to the terms of the sale, an escrow account is opened.
  • Depositing Funds and Documents: The buyer deposits the earnest money and the seller deposits the deed and other relevant documents into escrow.
  • Title Search and Inspections: During escrow, a title search is conducted and any necessary inspections are performed.
  • Resolving Contingencies: Any contingencies in the contract, such as loan approval or inspection repairs, are addressed and resolved.
  • Closing Escrow: Once all conditions are met, the escrow agent disburses funds to the seller, records the deed, and distributes documents to the appropriate parties.

Escrow services provide:

  • Security: Your funds and documents are held securely by a neutral third party.
  • Impartiality: The escrow agent acts impartially, ensuring both buyer and seller fulfill their obligations.
  • Convenience: We handle the complex details of the closing process, reducing stress and ensuring a smooth transaction.
  • Protection: Escrow protects you from fraud and ensures that funds are only released when all conditions are met.

Escrow is commonly used for:

  • Buying and selling real estate
  • Refinancing
  • 1031 exchanges
  • Other real estate transactions where funds and documents need to be held securely.
Escrow fees vary depending on the complexity of the transaction and the services provided. We can provide you with a detailed breakdown of the costs involved.

YOU DESERVE A STRESS-FREE REAL ESTATE EXPERIENCE

Let us handle the complexities of your Oklahoma real estate transaction so everything runs smoothly behind the scenes. Contact us today for a consultation or quote.

Didn’t Find What You Were Looking For?

If you didn’t find the answer you needed in our FAQs, don’t hesitate to reach out! Our friendly team will be happy to help with any questions or concerns you have—reach out, and we’ll make sure you get the answers you need.