At Rapid Title Inc. we perform a Full Title Exam. A title examination is one of the most important aspects of a real estate transaction and can be essential to a successful transaction when purchasing real estate. The title examination process also reviews the history of ownership of the property, the deeds that have been associated with the property in the past, liens and judgments against it.
The purchase of a home is a very important life decision as well as the refinancing of your current loan.
At Rapid Title Inc. whether you are purchasing, selling or refinancing your house, we will make the extra effort to ensure your closing proceeds in a stress-free environment. Our team are experts in every aspect of the real estate transaction process, whether it is a cash deal, land contract, or you are working with a lender, we are here to assist you.
Buying and selling commercial property is a complex transaction. Our organized staff is experienced at closing difficult and is able to help all parties understand the process.
Deed is the most important document in any real estate transaction, it transfers a major asset, such as your home, land or a commercial building. It can face serious legal consequences if it's completed incorrectly. Our licensed attorney is an expert in this process and will make sure your deed is done correctly!
Other Legal Services:
Our real estate attorney can provide all of the legal services you will need. These services include but not limited to:
Preparing the purchase contract, promissory notes, and other agreements
Power of attorney
Represent buyers, or sellers, concerning contract negotiations
Reviewing a contract to ensure it protects the client’s interests
Assisting with the closing
Recording the deed after closing
Other legal matters specific to your property and method of sale
Reviewing the title commitment and the exception documents referenced in the title commitment
Ensuring that you are fully informed and understand the details of your transaction
Preparing Will and Living Trust documents
Out of Office Closing:
Rapid Title Inc. office is located at 9467 Montgomery Road, Montgomery, Ohio 45244. We do most transactions at our office, additionally we also close transactions at lender or realtor office. We also are willing to come to your homes if necessary.
At extreme situations, we are willing to meet you at whatever you are to get the job done. Our goal is a complete customer satisfaction.
Remotely Online Closing:
Our Staff is certified to perform a remote notary online (RON) and have the capability to perform complete closings online. Whether you are at your house, out of state or out of country, we are here to conduct the real estate transaction for you.
Rapid Title Inc. issues their Owner’s Policies through Old Republic National Title Insurance Company.
Owner’s Policies are most often issued in an amount equal to the real estate’s purchase price. The Ohio State Department of Insurance sets the policy’s premium, which is paid one time at the real estate closing and does not have any monthly premiums. The title policy lasts for as long as the buyer has an ownership or other interest in the property. In some cases, even after the sale of the property.
To protect possibly the most important investment you’ll ever make — the investment in your home. Only an Owner’s Policy fully protects the buyer if the title problem arises. With a title insurance policy, you as an owner have an indemnity contract that will reimburse you for loss in the event someone asserts a claim against your property that is covered by the policy.
Rapid Title Inc. temporary hold and manage money in escrow account to protect both the buyer and the seller throughout the buying process to make sure all parties involved are get paid and correct payouts are made on time to the right parties, such as mortgage payoffs, HOA fees, agent commissions, back taxes, judgements, liens, etc.
1031 Tax Exchange:
A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows you to avoid paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale within certain time limits in a property or properties of like kind and equal or greater value. Read more https://www.irs.gov/pub/irs-news/fs-08-18.pdf
A title commitment is the document by which a title insurer discloses to all parties connected with particular real estate transaction all the liens, defects, and burdens and obligations that affect the subject property.