TDI regulates title insurance under Texas Insurance Code, Title 11 and the Basic Manual of Rules, Rates and Forms for the Writing of Title Insurance in the State of Texas.
Here are the steps to follow when transferring property ownership in Texas legally: Step 1: Prepare the Deed. The first step is to prepare the deed, but what's the difference between a title vs. Step 2: Sign the Deed. Step 3: Record the Deed. Step 4: Update Property Records.
You may choose any title company you want; you don't have to use a company selected by a real estate agent, builder, or lender. Section 9 of the Real Estate Settlement Procedures Act (RESPA) prohibits sellers from conditioning the home sale on the use of a specific title insurance company.
Who Chooses the Title Company? Seller's Preference: In many cases, especially in a seller's market, the seller may prefer to. Buyer's Input: In a buyer's market or in situations where the buyer has specific preferences, ... Mutual Agreement: Often, the buyer and seller come to a mutual agreement on which title.
Title companies in Texas perform crucial tasks in real estate transactions, ensuring a seamless closing process. They offer various services that protect all parties involved.