Real Estate Closings and Title Services
Capozzi & Associates, P.C. now offers full range title insurance and settlement services in both residential and commercial real estate transactions as a result of its partnership with Mid-Penn Abstract Company, which has had great success in its field since 1994.
How to Prepare for Your Closing
Protecting Your Investment
Protect Your Most Important Asset - Your Home
- Real Estate
- What is Title Insurance?
- Is an Attorney Needed?
- What Can Mid-Penn Abstract Company Do for Me?
Craig Adler, the head of Mid-Penn Abstract Company, is an experienced attorney who has completed more than 5,000 real estate closings during his 23 years of practice. He represents builders, developers, hotel owners, and health care providers, and has both experience and success in completing complex commercial transactions.
In addition, because of the great volume of title insurance work completed over the years, Mid-Penn Abstract Company is able to timely and efficiently complete residential closings for purchases and refinances.
Buying a home can be one of your most gratifying experiences as well as being a little overwhelming. Our Closings Department is experienced in making sure your closing goes smoothly. We will be involved with your settlement from start to finish. We will help with negotiating and reviewing the Agreement of Sale, complete a full title search to ensure there are no title defects, and represent you at the closing.
What is Title Insurance?
Title Insurance is an insurance policy that protects a personís legal right to the ownership and possession of land. A policy will be issued after a complete title search of the public records is performed. Even when a title search is done, hidden defects may arise months or years later. Hidden title defects could include the following:
- Unpaid real estate taxes
- Creditor claims prior to the date of your transferred deed
- Deed executed under false or expired powers of attorney
- Mistakes in recording legal documents
- Incorrect legal descriptions.
- Federal, state inheritance and gift tax liens
- Outsale of portions of the property to other owners
When purchasing an ownerís title insurance policy, you are purchasing peace of mind. The Ownerís policy is designed to protect you as the homeowner from title defects that existed prior to the issue date of your policy. A state regulated, one-time premium is paid according to the value of your home and it continues to provide coverage for as long as you or your heirs own the property.
Is an Attorney Needed?
Working with an attorney gives you the benefit of your closing agent also being an experienced attorney who has practiced real estate law. And at no extra charge to you! In other words, itís a profitable two-in-one package deal.
What Can Mid-Penn Abstract Company Do for Me as a Home Buyer?
- Negotiate and review the Agreement of Sale.
- Be the one in contact with your realtors, mortgage lender, tax collectors, municipal authorities, and anyone else involved in your transaction. This takes some pressure off you as the buyer.
- Perform and examine the title search.
- Prepare the settlement statement in accordance with the lenderís instructions, receive deposits and distribute all payments in accordance with the settlement statement. This gives you an accurate detail of all of your closing costs for your transaction.
- Conduct the actual closing. Your closing agent is available before, during and after the settlement to answer any questions you may have.
- Perform all after settlement duties including recording all documents at the courthouse, disbursing all funds, and issuing the insurance policies.