Bay City Abstract & Title Company provides title insurance to make sure that the property you buy has free and clear title and that there are no outstanding liens on the property. In other words, title insurance protects you and your lender if someone challenges your title to your property because of issues that were unknown to you when you bought the property. Most lenders will not lend you money to purchase a property unless you also purchase a loan title policy to protect the lender.
The loan title policy protects the lender for the loan amount should a situation arise that would be detrimental to their lien and title to the property after your purchase. When you purchase a property, the title insurance company will also issue an owner’s title policy to protect your interest in the property, unless you reject the owner’s title policy, in writing.
There are all sorts of issues that can affect the title to property and we are experts at looking for these issues. Title can be affected by the seller’s previous marriage, unknown heirs, probate, and a multitude of other issues. We are very familiar with property all over Matagorda County and will check title at the Matagorda County Courthouse to ensure that everything is in order for your transaction.
At Bay City Abstract & Title Company, we do a title examination under our underwriters’ guidelines. If there are issues, we will refer to those guidelines in ensuring that the necessary documents are in place so that your transaction can proceed. Whether you are purchasing a new home or other property, getting your home refinanced, obtaining a home equity loan, or starting a reverse mortgage, trust Bay City Abstract and Title Company to provide you with needed title examination, title insurance, and closing and disbursement services.
We also offer our clients the convenience of a Paperless Closer to make it easy for them to check on our progress toward closing, anytime from their homes or offices. We’ll provide you with a user name and password at the start of the process and you’ll receive email updates from us whenever the status of your file changes. It’s just another way for us to make your property transaction as seamless as possible.