Advanced Abstract is a title company serving the areas of Allentown PA, Bethlehem PA, Easton PA, Reading PA and Stroudsburg PA. If you intend buying real estate, then it is a good idea to consult a title company. They can help you with things such as title searches, abstracts and title insurance.
When you buy property there is a lot of paper work involved. In fact ownership is passed by trading pieces of paper. And when you deal with complicated paperwork, there is always a risk that something went wrong in the past or could go wrong in the future. Some things that could affect your property title could be a mistake, a forgotten signature, a forged signature, unrecorded heirs, unrecorded liens, outstanding taxes, outstanding mortgages and so on.
A title company can help ensure that the property deed or title you will receive will be free of defects. To do this they will perform a title search. If some defect or problem is uncovered, they could then set about fixing it before title is passed. They can also help you with title insurance which will protect your financial interests should a defect in title arise.
Title companies play important roles in real estate transactions. A title company can act as a combined agent for several parties involved. This could be the insurance company, the buyer, the seller as well as the mortgage lender. The title company does title searches, reviews abstracts, builds abstracts, issues insurance policies, facilitates closings and documents and files paperwork.
If you want to eliminate risks related to defects in title, then it makes sense to engage the services of a title company. You may even find that will be condition of the mortgage company. Advanced Abstract is a recommended title company serving Allentown PA, Bethlehem PA, Easton PA, Reading PA and Stroudsburg PA.