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.
A deed and title are closely related — you need both to make a legitimate sale or transfer of property. Having a deed without a title is a bit like buying a new car without getting the keys.
Whether you're selling, refinancing or building a new home, you have the right to choose your title company. Simply let your real estate agent, lender and builder (if applicable) know which title company you prefer to work with.
Yes, land can be sold without the involvement of a title company, or the issuance of a title report.
You can use any title company Your real estate agent, builder, or lender may recommend a title company, but you can choose any company you want. Make sure the title agent is licensed by TDI. To check, you can: Call our Help Line at 800-252-3439.
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.
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.