Question 1

What is a title company?

Accepted Answer

A title company performs a thorough search of property records—deeds, mortgages, liens—to ensure the seller has clear ownership. We issue a title commitment and prepare an insurance policy for the buyer and lender to protect against undiscovered claims.

Question 2

What is title insurance?

Accepted Answer

Title insurance protects homeowners and lenders from financial losses due to past title defects—e.g., liens, fraud, or clerical errors. It covers legal defense or reimbursement up to the policy limit.

Question 3

Why do I need title insurance?

Accepted Answer

Without it, hidden issues in title history could lead to major legal hassles and financial losses. Title insurance provides peace of mind and resolves issues before they cause trouble.

Question 4

What does owner’s vs. lender’s title insurance cover?

Accepted Answer

Lender’s policy: Required by your mortgage lender—it protects their interest.
Owner’s policy: Optional but highly recommended—it protects your legacy and financial interest. You only need to pay one simultaneous rate for both.

Question 5

How long does title insurance last?

Accepted Answer

It lasts as long as you or your heirs own the property—no extra premiums or renewals required.

Question 6

What is a title search and why is it important?

Accepted Answer

A title search investigates public records for liens, judgments, easements, or ownership disputes. These findings are addressed and resolved before closing.

Question 7

Can you explain escrow?

Accepted Answer

Escrow is a neutral, secure holding service for funds and documents until all terms are fulfilled. Once conditions are met, we disburse funds and move forward with title transfer.

Question 8

How much does title insurance cost?

Accepted Answer

The one-time premium is usually based on the purchase price and is regulated by Texas law. Extra coverage for the owner’s policy is available at a modest additional rate.

Question 9

Can I shop for title insurance?

Accepted Answer

Yes—Texas law gives you the right to choose your title company. Rates are fixed, but costs for services and convenience may vary.

Question 10

What are “title exceptions”?

Accepted Answer

These are issues not covered by your policy (e.g., certain easements or zoning restrictions). We’ll provide a list, explain each one, and help you navigate them.

Question 11

What happens at closing?

Accepted Answer

At closing (also called settlement), all parties sign documents, we transfer funds safely and record the deed. Then you get the keys—plain and simple.

Question 12

What happens if a title issue comes up after closing?

Accepted Answer

You or your heirs can file a claim under your title policy.

Question 13

Can Acorn Title handle escrow?

Accepted Answer

Yes—we provide full escrow services alongside title. We ensure secure handling of funds and documents from start to finish.

Question 14

How long does the process take?

Accepted Answer

Most transactions close within 30–45 days. Complex deals—like land development or 1031 exchanges—may take longer. We communicate timelines clearly from the start.

Question 15

What if my lender or agent is involved?

Accepted Answer

We coordinate closely with your lender, agent, and any other parties to keep everyone informed—so your closing stays smooth and on schedule.

Questions?

Answered!

Contact Acorn Support:

210-465-3033

Info@acorn-title.com

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