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Welcome to Old Trail Settlement, your premier destination for title insurance and settlement services. With a commitment to excellence, we offer comprehensive solutions tailored to your unique needs. Our experienced team ensures a smooth and secure closing process, giving you peace of mind every step of the way.
Trust us to protect your investment with our thorough title search and insurance services. Discover the difference with Old Trail Settlement today.
Say goodbye to the hassle of coordinating in-person closing meetings and signing cumbersome paperwork. At Old Trail Settlement, our convenient eClosing services modernize the closing process, enabling you to sign documents digitally from a secure online platform.
Old Trail Settlement is ready to assist you with all your document notarization needs, ensuring compliance and security throughout the process. Whether you're closing on a new home or refinancing, trust us to make the notarization process simple and efficient.
A title company investigates a property’s title to see if anyone has ownership claims to it besides the seller. It does so by reviewing the chain of title, searching for existing liens, performing a property survey, and clarifying who currently holds the title. Title companies also issue title insurance policies to buyers, sellers, and lenders, which protect these parties against disputes related to title issues that may have been missed during the title search.
Title insurance protects you legally and financially from title defects, such as undisclosed liens, encumbrances, and public record errors, for as long as you or your heirs own the property. Without title insurance, you’re exposed to these risks and the costs associated with their litigation. In Pennsylvania and Florida, title insurance is also required for all real estate purchases secured by mortgages.
Yes, your lender will require you to have title insurance if you purchase your property with a mortgage. That’s because the title insurance policy provides them with coverage for any title defects that may impact their lien on your property. If you purchase your property with cash, title insurance is optional, though it’s strongly recommended.
Title insurance will most likely protect against undisclosed liens and judgments, public record errors or omissions, fraud or forgery in the chain of title, and disputes over your property’s boundary lines or easements. Reach out to Old Trail Settlement to learn more about the details of our title insurance coverage.
Title insurance premiums are typically paid as a one-time fee at closing. In Pennsylvania and Florida, owner’s title insurance fees are based on the purchase price of the property, while lender’s title insurance fees are based on the loan amount. The rates for these fees are regulated by each state’s insurance departments.
Certified funds, such as cashier’s checks and wire transfers, are acceptable forms of payment for “cash to close” on real estate transactions. Personal checks, on the other hand, are not accepted due to the risk of insufficient funds.
In Pennsylvania, you’ll need two forms of identification during closing. You need one government-issued photo ID, such as a driver’s license or passport, and another ID that displays your name–a Social Security card, credit or debit card, or insurance card should suffice. In Florida, some lenders require both types of IDs, while others may only require the government-issued photo ID.
Yes, our in-house notary publics can perform your notarizations during the closing process. Our notary services are flexible, convenient, and secure. We can complete your notarizations remotely or in person.
In Pennsylvania, the buyer reserves the right to choose the title company. This practice differs from many other states, including Florida, where the seller is responsible for making the selection.
Not all title insurance policies are the same. Title insurance providers typically list out their coverage exceptions within their policies. If you have any questions about Old Trail Settlement’s policies, contact us and we can explain the details of our coverage.
Tell us about your real estate transaction, and a member of our team will contact you to complete the settlement.
We offer in-house title services through Old Trail Settlement, streamlining your real estate transaction from start to finish.
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