A title company is a business that specializes in researching and issuing titles for real estate properties. They play a crucial role in the buying and selling process as they are responsible for ensuring that the title is accurate and that the property can be legally transferred to a new owner. They also handle the closing process, including the transfer of funds and the recording of the new title with the local government. They work with legal and financial professionals to ensure that the transaction is completed smoothly and that the title is properly transferred.
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What does title company mean?
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