About Us
Ithaca Title, located in the heart of Ithaca, NY, provides comprehensive title and closing services for residential and commercial real estate transactions. With a commitment to accuracy and efficiency, Ithaca Title ensures that every aspect of the title process is handled professionally, safeguarding clients' investments and facilitating smooth closings. Our knowledgeable team is dedicated to delivering exceptional customer service and maintaining the highest standards of integrity in all dealings, making us a trusted partner in the local real estate market.
We are dedicated to facilitating smooth transactions for homeowners and investors alike, ensuring every detail is meticulously managed. Additionally, our team is well-versed in the commercial real estate landscape of Georgia, Pennsylvania and Virginia.
FAQs
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Title insurance protects property owners and lenders from financial losses due to problems with a property’s title. It ensures the property is free from liens or claims that could affect ownership. Title insurance is vital because it shields against issues that might not be found during the title search, such as past ownership disputes or errors in public records. If a claim arises, title insurance covers legal fees and losses, making it a key protection for buyers and lenders. In short, title insurance is essential in real estate deals, offering security and peace of mind for property ownership.
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Ithaca Title Agency specializes in providing comprehensive residential and commercial title services throughout New York.
In addition to our extensive operations in New York, we proudly extend our commercial services to the states of Georgia, Pennsylvania, and Virginia.
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An escrow service provides security for both parties in a transaction by ensuring that no funds are released until specific conditions are met. This minimizes the risk of fraud and dispute.
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A real estate closing service facilitates the finalization of a property transaction. Its primary purpose is to ensure that all required documents are completed correctly, funds are distributed properly, and legal ownership is transferred from the seller to the buyer. The closing service coordinates between the parties involved, which may include the buyer, seller, real estate agents, and lenders, to ensure a smooth and efficient closing process. Furthermore, they handle title insurance, escrow services, and ensure any outstanding issues related to the property's title are resolved before the sale is completed.
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Title companies play a pivotal role in ensuring that the transfer of property ownership is executed smoothly and legally. They conduct detailed research to verify ownership of the property through public records and check for any liens, judgments, or claims against it that may affect the transaction. This comprehensive process, known as a title search, is essential in ensuring that the buyer receives a clear and marketable title to the property.
Additionally, New York title companies manage the escrow process, where they hold and disburse funds throughout the transaction. They are responsible for the closing process, which includes preparing vital documents, such as the Closing Disclosure and the Deed, and coordinating with various parties, including real estate agents, lenders, and attorneys. They ensure that all state and local regulations are adhered to, specifically the requirements set forth by the New York State Department of Financial Services and the New York State Real Property Law.