Maine Real Estate Title and Settlement Services
Real Estate Closings
Refinancing your existing home or purchasing a new home? Let us walk you through the process from start to finish. Purchasing a home is likely the biggest investment you will make in your lifetime, so make sure you have someone who can walk you through all of the legal ramifications of such an important day in your life. Anchor Title can handle your real estate transaction and help you with the following:
Purchase and Sale Agreement
Inspection and survey questions
Title issues and questions
Safe and secure closing
A knowledgeable attorney with you at the closing to explain all of the legal documents including the mortgage, promissory note and deed.
What is title insurance? Simply put, title insurance is a way to protect yourself from financial loss and legal expenses in the event there is a defect in the title to your property. When you purchase a home, a record of that transaction, or a Deed, is filed in the public records and a title company will search those records. Even the most skilled title examiners cannot detect issues such as filing errors, forgeries or undisclosed heirs. If you take out a mortgage loan, your lender will require a loan policy of title insurance. This protects the lender’s interest in your property. An owner’s title insurance policy ensures your ownership rights in the property. Unlike homeowners/fire insurance, the owners title insurance is a one time premium paid at the home purchase! Your policy will cover you as long as you own your home!
Anchor Title, LLC can assist with review and preparation of documents such as a Power of Attorneys, Deeds Purchase and Sale Agreements, Easements, and more. If you need one of these services, please contact us to discuss your needs.
A title examination is an in depth search starting with a review of public records. Title searches uncover possible title issues like mortgages, tax liens, judgments and information on prior loans, or sewer assessments. The data collected from a title search is one of the most crucial parts of your homeownership journey, and it is important that you hire an experienced professional to assist with your title examination.