Title Insurance Business

One of the goals of Middlestead Mortgage has always been to try and be as progressive as possible to keep updated on changes in the market, new available products, and diversification in the industry.

Some of the recent things we have done or looked into include: Myself getting a special designation as a mortgage professional. Our staff being more educated on the WHEDA first-time home buyer program, doing our due diligence on getting approved to do FHA home loans, and bringing our title company more to the public eye.

Our title company, called ABC Title, was formed in September of 2006. Many people weren't or are still not aware of it simply because we haven't promoted it very much. We opened it with the idea of taking care of our current database of customers to streamline the refinance process or help them with title insurance when they were selling their homes. What has happened, however, has been a twist I didn't expect. Since we really opened the title company intending to be a benefit to our current clients, we have been contacted by many new people interested in our services because we have been very competitive with our pricing.

Title insurance is a confusing, but necessary evil. It is a process designed to protect the seller, the buyer, and the lender against any judgements or liens that are attached to the house that is being purchased or refinanced. Basically, a title search will tell the parties involved what mortgages are against the property, what other liens are against the property (such as state or federal tax liens, child support liens, etc), if there are any outstanding property taxes due, if there are special easements that go along with the legal description of the property, if there are any outstanding assessments on the property (such as a sidewalk that was put in a subdivision and the city allowed the owner to pay in installments), or if there were any outstanding judgements against the owner of the property. All of the above things can affect whether or not a person can sell their home or if a lender is willing to attach a new mortgage to the house, and several other things.

Title insurance can be very involved, but the most important thing to know is that we have all the resources to provide the much needed service at an extremely competitive price. If you would like more information, please feel free to visit our website at: www.abc-title.com for more information. The website is in it's designing stage, so please bear with us as we update it.

ABC Title is All 'Bout Customers :)