Title Services Alliance title

iRealty has partnered with their sister company, iRealtyTitle Services., to created a format to offer a discount off your closing fees and work with you from the beginning to the very end. And as always, with iRealty you will be saving money with the sale of your home without compromising quality.

Fill out the form below for an estimate of your closing costs. 

 

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Don’t forget to ask about our Title Services Rebate!

for sale by owner savingsWe specialize in FSBO & Flat Fee transactions
Free Contracts, Disclosures and Addendums
Contract negotiations
Mobile Closings  / Pre-signing of Documents
Not limited to.

*Underwritten by First American Title Insurance Company – First American is the nation’s largest title insurance company through its title insurance underwriters  – that collectively issue more title insurance policies than any other title company in the United States.

In Illinois, the consumer’s right to choose the provider is protected by the Illinois Title Insurance Act(215 ILCS 155/18.1) and related rules (50 Illinois Administrative Code, Section 8100.2406). Title insurance agents and title insurance companies that cooperate with attempts to limit Illinois consumers’right to choose the provider when the consumer is paying for the title insurance are in violation of the law and may be subject to discipline by the Department.

 

What is Title Insurance?


Title insurance makes sure that the title to a piece of real estate is legitimate and then issues title insurance for that property. Title insurance protects the lender and/or owner against lawsuits or claims against the property that result from disputes over the title. During the title search the title company also looks for any outstanding mortgages, liens, judgments or unpaid taxes associated with the property, as well as any restrictions, easements, leases or other issues that might impact ownership. The title company may also require a property survey, which determines the boundaries of the plot of land that a home sits on, whether the home sits within those boundaries, whether there are any encroachments on the property by neighbors and any easements that may impact an owner.

Once the title is found to be valid

The title company will likely issue a title insurance policy, which protects lenders or owners against claims or legal fees that may arise from disputes over the ownership of the property ownership claim.
There are two main types of title insurance: owner’s title insurance, which protects the property owner from title issues, and lender’s title insurance, which protects the mortgage company. When there is a cash deal involved, the seller pays more which is half the closing fees of buyer and seller, which is based on the purchase price.