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Why is Title and Escrow required?

By Becky Hobbs


The Title and Escrow process was established to help protect consumers from fraud. First, it ensures the seller actually has the right to sell the home and makes sure the property is free and clear of any legal issues which might cloud ownership of the property by the bank. Secondly, it ensures all parties are correctly paid and all the proper documents are signed, notarized and filed with the correct authorities.