Lake Area Title

Escrow services in Lake Charles, Louisiana , play a vital role in the security of funds and compliance with the laws attached to real estate transactions. In general, escrow deals with the missing link in real estate transactions: securing the protection of buyers and sellers from fraud, misunderstandings, and money risks. How Escrow Services Protect Buyers and Sellers The chief reason escrow services are generally accepted in real estate is to protect both parties involved. Before a buyer can walk away from the transaction to satisfy all contractual obligations, his or her deposit or down payment money remains in escrow. This condition prevents the sellers from prematurely walking off with the money while the buyer waits with uncertainty about the transaction. Sellers, of course, benefit from the arrangements whereby escrow will be able to confirm that the buyer does have the funds to purchase the property and intends to do so. Sometimes unscrupulous sellers transfer propert...

When it comes to buying a home, you’ll spend most of your life’s largest financial decision. However, title insurance is something that many people don’t consider but is one extremely important aspect that often gets ignored when you are setting out to buy your dream home. If you’re buying a home in Lake Charles, Louisiana, it is important to consult with a title insurance agent to help protect you from a property disaster. What is Title Insurance? The title insurance shields the owners, as well as the lenders, from the possible risks and legal claims against the title of the property. This guarantees that the seller has a legal title of property to sell and the right to transfer it to you. Title insurance protects a buyer against issues such as undisclosed liens, missing heirs, or fraudulent claims, so that should something happen before delivery of the deed, the buyer won't be in for such a financial disaster. Why You Need a Title Insurance Agent One of the most importan...