Understanding Escrow and Title Companies

Title Companies

Title companies help verify ownership and prepare the transaction for closing.

Their responsibilities may include:

  • Conducting title searches

  • Issuing title insurance

  • Coordinating document preparation

  • Managing closing funds

Escrow Services

Escrow services help ensure all terms of the agreement are completed before funds and ownership are transferred.

Depending on your state, escrow services may be provided by a title company, attorney, or dedicated escrow company.