What Is Owner’s Policy?
The owner's policy assures a purchaser that the title to the property is vested in that purchaser. It is free from all defects, liens, and encumbrances, except those listed as exceptions in the policy or excluded from the policy's coverage scope.
What Are Escrow Services?
Escrow is “a deed, a bond, money or a piece of property held in trust by a third party, to be turned over to the grantee only upon fulfillment of a condition.”. Graham Title Co. is a neutral third party or an escrow officer. We prepare escrow instructions agreed upon by all parties, take payments by the buyer, and disperse the funds according to the escrow instruction. If agreed upon, taxes and insurance may be paid through funds put in reserve from payments made.