Borrowing and Purchasing in Delaware
As you move forward in the process of purchasing a new home or refinancing an existing property, consider that the settlement will be your final destination. The role of Patriot Title in regards to the settlement in Delaware can be separated into two primary functions.
The first of these functions is to provide title insurance which guarantees clear and marketable title, to both the purchaser and the lender who are involved in the transaction. In order for Patriot Title to insure the title, we must complete a thorough title examination on the subject property, verifying that there are no outstanding liens or encumbrances against former owners which could affect clear title. We also check the legal sufficiency of prior deeds, and other supporting documents. It is Patriot Title's duty to report all applicable restrictive covenants, rights of ways, and easements. Upon completion of settlement, it is vital for the new deed and any additional documents to be recorded appropriately in the land records of the property jurisdiction.
The second function Patriot Title is responsible for involves its fiduciary responsibilities to all parties involved in the transaction. This includes conducting the final settlement, receipt of all funds required, and making final disbursements accordingly.
Throughout the entire settlement process, Patriot Title’s many experts are available to assist you, and to answer any questions that may arise.
As a Delaware title company you can count on, we look forward to working with you on your next real estate purchase, sale, refinance and/or home equity loan.
For more information, Order Title Now or or Call 877-TITLE-30
