What does Whitford Land
Title Insurance is not just something you have
to purchase when you are buying or refinancing real estate. Title
insurance is just a part of the service that Whitford Land Transfer (WLT)
provides to its customers.
In order for a WLT to provide an insurance
policy to an insured we first need to search the title to the real estate.
Although the public in general assumes that this process merely requires the
push of a button it is in reality a very complicated process. It
involves a search through public records for all matters affecting that
title and correcting any problems that may exist. The myriad of
governmental records and the condition in which much of the data is kept
makes the title search process very difficult. It takes many years of
training and experience for Title Examiner to become truly competent in his
or her expertise. This is just one of many reasons why most attorneys
will contact a title company to answer and solve real estate problems.
At closing or settlement, WLT provides the
Settlement Officer. WLT prepares
the HUD-1 Settlement Sheet and collects and disburses all funds associated
with the settlement. All executed documents are forwarded to the
After the settlement, WLT will audit the
settlement sheet and review all documents, return appropriate documents to
the lender, record the deed, mortgage and other documents with the county,
disburse funds and issue the title insurance policy.