Closing FAQs

What is a TITLE? 

The title refers to the document of legal ownership for the property and the use of the property.

What is a CHAIN OF TITLE?

The chain of title refers to the record or history of property title ownership from the present owner back to the original owner.

What is a TITLE SEARCH?

A title search is a review of all recorded documents affecting a specific property to determine the present condition of the title.

What is TITLE INSURANCE?

Title insurance protects real estate owners and lenders against any property loss or damage they might experience because of liens or defects in the property’s title.

What is a TITLE DEFECT?

A title defect refers to a title that has a publicly-recorded lien, mortgage or judgment on the property the title represents and therefore, the title is not a “clean title.”

What is a CLOSING?

A closing is the final step of the real estate transaction process where all legal documents are signed, fees paid and the ownership property is officially transferred from the seller to the buyer.

What is the role of a CLOSING AGENT?

At the final stage in a real estate transaction, or the closing, a closing agent assures that all documentation, including sale related documents and loan/mortgage documents for the entire transaction, are completed and signed properly, including the title search and title insurance.

513 Brashear Ave., Morgan City, LA 70380

Phone: 985-385-1689  /  Fax: 985-385-1690