Wondering how to navigate your way through the complex world of real estate transactions? Join us as we pick the brains of industry professionals, Jennifer Way and Charisma Esteva. Jennifer, our resident Transaction and Pre-listing Coordinator, shares her journey from Baltimore to Florida, and the critical role she plays in ensuring a smooth listing and contract process. Cherisma Esteva, with almost two decades in the industry, takes us behind the scenes of title companies, a crucial element often overlooked in real estate transactions. Hosted by: Rick Kendrick, Palm Beach Real Estate AgentRick Kendrick can be reached at 561-901-3333 or visit https://www.RickHasTheBuyers.comCo-Host and Episode Sponsor: Cherisma Esteva with Performance TitleCall Cherisma Esteva for All Your Florida Title Needs!Performance Title📞 954-748-4890 ☎️💻 www.PerformTitle.com 🖱We don't just stop at discussions; we delve into the nitty-gritty of what happens between contract and closing, and the potential obstacles you could face.Title companies play a crucial role in the real estate industry, bridging the gap between a contract and the closing of a property. Their involvement is often overlooked, but their responsibilities are vital in ensuring a smooth and secure transaction process. Understanding the functions of title companies is essential for both buyers and sellers, as it provides clarity on the steps involved and the importance of their services.One of the primary responsibilities of a title company is to conduct a title search. This involves examining public records to verify the property's ownership history and determine if there are any outstanding liens or claims against it. By performing a thorough investigation, the title company ensures that the property can be legally transferred to the new owner without any complications. This step is crucial as it protects the buyer from any potential ownership disputes or financial burdens.Once the title search is complete, the title company issues a title insurance policy. This policy protects the buyer and the lender from any future claims or defects in the title that may arise. Title insurance provides peace of mind to both parties, knowing that their investment is safeguarded against unforeseen circumstances. In the event of a title dispute or legal issue, the title insurance policy will cover the costs associated with defending the property's title.Another vital role of title companies is facilitating the closing process. They act as a neutral third party and oversee the transfer of funds and legal documents between the buyer, seller, and lender. The title company ensures that all necessary paperwork is properly executed and recorded, including the deed, mortgage documents, and various disclosures. They also calculate and collect any outstanding fees or taxes, such as property taxes or homeowner association dues, to ensure a clear transfer of ownership.Furthermore, title companies play a critical role in escrow services. Escrow refers to the holding of funds and documents by a neutral third party until all the conditions of the contract are met. The title company acts as the escrow agent, ensThe Your Home Sold Guaranteed Realty Radio Real Estate Talk & News ShowHosted by: Rick Kendrick, Palm Beach Real Estate AgentRick Kendrick can be reached at 561-901-3333 or visit https://www.RickHasTheBuyers.comCo-Host and Premiere Sponsor: Eric Rosemary, Branch Manager at CrossCountry MortgageEric Rosemary can be reached at 954-312-3104 or https://www.RosemaryMortgageTeam.comDisclaimer: The views and opinions expressed in this podcast are solely those of the individuals involved and do not constitute financial or legal advice. Listeners are encouraged to seek professional advice for their specific real estate needs.

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