REAL ESTATE TRANSACTIONS AND TITLE INSURANCE

The purchase or sale of a home, for many, is one of the most significant transactions in which he or she will become involved.  Representation of a party in a real estate transaction requires precision and attention to detail.  At Oliver, Price & Rhodes, our goal is to make this process as simple as possible for our clients while providing the most efficient legal representation.

Real estate transactions have become much more complex through the years.  There are various documents including but not limited to the contract for sale, addendums, adjustments at the time of closing for items such as mortgage payoffs, real estate taxes, realty transfer taxes, lender charges and various other items.  Calculation of these items must be done in an accurate and knowledgeable manner.

Almost all lenders now require title insurance in real estate transactions.  A title insurance policy insures that the title to the property is good and marketable and that the new mortgage is the first lien on the property.  The premium rates for title insurance are regulated by the Pennsylvania Insurance Department and is based upon the purchase price and/or the amount of the mortgage.  Our firm is agent for several title insurance companies.

Our goal is to make sure that the purchase or sale of your home is handled in the most professional manner.

REAL ESTATE TRANSACTIONS AND TITLE INSURANCE

The purchase or sale of a home, for many, is one of the most significant transactions in which he or she will become involved.  Representation of a party in a real estate transaction requires precision and attention to detail.  At Oliver, Price & Rhodes, our goal is to make this process as simple as possible for our clients while providing the most efficient legal representation.

Real estate transactions have become much more complex through the years.  There are various documents including but not limited to the contract for sale, addendums, adjustments at the time of closing for items such as mortgage payoffs, real estate taxes, realty transfer taxes, lender charges and various other items.  Calculation of these items must be done in an accurate and knowledgeable manner.

Almost all lenders now require title insurance in real estate transactions.  A title insurance policy insures that the title to the property is good and marketable and that the new mortgage is the first lien on the property.  The premium rates for title insurance are regulated by the Pennsylvania Insurance Department and is based upon the purchase price and/or the amount of the mortgage.  Our firm is agent for several title insurance companies.

Our goal is to make sure that the purchase or sale of your home is handled in the most professional manner.