Residential Title Insurance
​
Residential Title insurance provides the broadest protection available for homebuyers against title and survey defects. It also simplifies the closing process, is simple to order and there are no hidden costs or policy issuance fees. Buyers who protect themselves with residential title insurance will find comfort in knowing they can secure financing more quickly and proceed with moving plans with increased certainty that the transaction will close.
It also protects against losses arising from:
-
Defects in title
-
Invalidity or unenforceability of the insured mortgage
-
Priority of certain construction liens
-
Fraud or forgery
-
Defects that would have been revealed by an up-to-date survey, survey errors or illegibility of a survey
-
The absence of certain off-title searches
Title Insurance:
-
Eliminates the need for an up-to-date survey/real property report/ building location certificate
-
Eliminates the need for many off-title searches
-
Reduces liability, minimizing risk
-
Insures over many known defects
-
Provides protection for loss or damage incurred as result of matters arising during registration “gap”
-
Simplifies process, reducing time per file and saving the client money
​
We have knowledgeable and experienced agents available to personally handle your insurance needs or insurance claim. We realize the importance of being able to understand your insurance policy and we will work closely with you to assure your questions are answered. We want every aspect of your experience with Appomattox Title Company to be positive and informative.
Commercial Title Insurance
We provide commercial title insurance for business properties throughout Virginia, including hotels, industries, fitness centers, golf courses, country clubs, day-care centers, churches, schools, sports and recreational facilities, and many other types of commercial property. Regardless of your circumstances or property size, we will handle matters for you in a professional, competent and timely manner.
Escrow Services​
Escrow services are provided to help protect the lender and the purchaser during the business transactions of real estate closure, either commercial or residential. The escrow services provider (or title insurance agent) prepares deeds, deposits funds into the escrow account; calculates interest, taxes, insurance, and mortgage payment; and completes all closing paperwork, ensuring signatures and completed documents are accurate and precise.
Having a competent, reliable and professional staff working for you during this complicated step of purchasing property is of vital importance. Appomattox Title Company is dedicated to providing you the highest quality service, keeping you apprised of each step, and answering all your questions. We ensure that everything is taken care of on time and we diligently work with you and all other parties involved to obtain the necessary paperwork required during this process. We are qualified and experienced in every aspect of the escrow services. We have the knowledge and legal expertise you will want on your side to ensure you get the best possible service for your money.
-
Conduct final walk-through of property prior to meeting at closing table. Both buyer and seller should verify that the property has been left in the condition agreed upon by both parties. If any repairs or improvements are made according to the terms of the purchase and sales agreement, those items should be checked and completed as necessary.
-
Ensure that the mortgage amount, the interest rate and the payment terms are correct on the closing paperwork.
-
Review closing fees for accuracy, and ensure that they represent the original quote you were provided.
-
The settlement sheet should itemize all closing costs, title, fees, attorney fees, appraisal fees and inspection fees.
-
Verify that the names are correctly spelled for the property deed. Review the legal description of the property for accuracy of location, size, easements and rights-of-way tied.
First Time Home Buyers
When you are involved in the purchase or sale of real estate, the final step in the transaction is known as the closing of escrow. The closing, or settlement, is typically conducted by a third-party settlement company or a closing attorney, and there are many details involved in the process. Overlooking one or two minor elements can significantly affect the transaction. Following a basic checklist can help oversights, guaranteeing a smooth closing process.
Homebuilder Services
Appomattox Title Company, Inc. provides real estate-related services for home-builders and developers as well as individuals building their own dream home. No matter the location or the complexity of the development, our experts provide excellent service to the builder, owner, developer and lender in the transaction. We have represented many of the top builders in the area for years and understand the time lines and process necessary to assure the builder and client receive bank funds, date downs and endorsements in a timely fashion. The results are less stressful closings and happier home-buyers.
-
Any Location
-
Home Builders
-
Home Buyers
-
Less Stressful
-
Years of Experience
-
Feel Better
Refinancing
To get started and stay organized, it helps to have a checklist of which documents you’ll need. While each loan officer or mortgage broker might have his own specific checklist, here’s a look at what you can generally expect:
Documentation of deposits: You’ll need documentation showing the source of any deposit of more than nominal sum, other than payroll. This relatively new requirement helps lender figure out if you have enough money from allowable sources for closing costs and reserves, says Joe Parsons, senior loan officer at PFS Funding, a mortgage company in Dublin, California.
W-2 tax forms for the past two years: If self-employed, earn commission, tip income or own rental property, produce federal income tax returns for the past two years. Self-employed borrowers might also be required to supply a K-1 tax form, showing your percentage of ownership of company. If substantial owner, supply the company’s tax returns for the past two years.
Divorce decree: If you got divorced within the past two years or want to use the alimony or child support toward qualifying income, present a copy of your divorce decree. Let us know if you are changing the vesting on the deed pursuant to the divorce property settlement agreement. There are some additional cost to this process you will need to discuss early in the transaction.
Photo ID: Typically a driver’s license or passport, this document is used to confirm your name, identity and home address.
Pay Stubs: Pay stubs from at least the past 30 days. If you don’t have your pay stubs, ask your employer’s payroll or personnel department to provide these documents. Must show: name, name of employer, and total year-to-date earnings.
Asset statements: Gather monthly or quarterly statements from your various asset accounts from the past two to three months. Asset accounts include: checking, savings, investment and retirement-plan funds. If you don’t have your statements handy, you can print them from most financial institutions’ websites, Metzler says. Each statement must include: name, name of financial institution, and beginning and ending account balances. A printout of your current transactions “usually does not work” for loan application purposes, Metzler warns. Rather, a true statement is required.
One final tip: Be sure to submit only complete and legible documents. Also, when your lender asks for multiple documents, submit all of them at once. This way, it’s easier to keep track of what you have and haven’t provided your lender. Allow about an hour on the day of settlement to go over all of the loan documents.