The issuance of a Title Insurance Policy ensures that as the owner, your title to your real estate is free and clear of any possible encumbrances and that you have clear title from the seller.
A title insurance policy ensures that you will stand protected from loss or damage as a result of any title defects.
First Chesapeake Title & Escrow is happy to provide closing services to suit your needs. We will provide you with Escrow Closing Agreements after all parties have signed the purchase agreement, the title insurance has been ordered, and the title search has been completed. These agreements are an overview of the purchase agreement with information for you to verify and complete.
Many banks, insurance companies, real estate brokers, developers and builders consistently close their real estate transactions through Empire Title and Escrow’s Escrow Department. An Escrow is a written agreement held by a third party and released only when the terms of the Escrow Agreement are completed or by a mutual release signed by all parties.
To succeed in international trade, an appropriate payment method should be chosen which works to minimize the risk involved while accommodating the business requirements of the buyer as well as a seller, without favoring either. To that end, it is wise for exporters and importers to switch to an ‘escrow’ based payments mechanism that can ensure a seamless, litigation-free business environment.