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Updated over 5 years ago,
When is Title Insurance Bought?
I know many of you may be looking at this and shaking your head. But I've been trying to find when in the buying process you would reach out to a title co. and send the money to Escrow. I am assuming it is either once the P&S is signed, Inspection, Negotiation, are both done? The Earnest Deposit is in the Escrow Account once an offer is accepted? And then a larger sum of money is then transferred at what time? How does this work with conventional financing?
To be more direct when do you call an Escrow Company when buying a house, when do you make the first deposit, and when do you officially close w specific funds?
I know I am not exactly the most articulate about this... but I am confused!!
Please explain if anyone knows,
Thanks,
Sam