Enjoy a Hassle-Free Real
At Abstracts of Richmond, Inc., we understand the importance of a smooth and secure real estate transaction. As experts in the industry, we offer a comprehensive range of services tailored to meet clients’ needs nationwide.
Closing & Escrow Services
This is the final step in the real estate transaction. Once the closing date is set, we facilitate the process of purchase contract consummation, transferring ownership to the buyer.
Abstracts of Richmond, Inc. will help with the financial structure of the seller financing contract. We work as a third-party escrow agent to handle all the details involved in servicing the transaction.
The Difference Is in Our Experience
Abstracts of Richmond, Inc. is a leader in title insurance and closing services for real estate transactions. We provide clean title coverage and exceptional closing services for residential, commercial, and industrial property transactions.
This mission is achieved by the company’s extensive real estate knowledge, superb problem-solving ability, supported legal counsel, convenient locations, closing flexibility, and unyielding commitment to excellent customer service.
While title insurance amounts and coverages can be tailored to your specific needs, there are two primary types of policies that we offer:
ALTA Title Insurance Policies
Title insurance protection is significantly different from other lines of insurance. Typically, other types of insurance assume a particular risk and provide financial indemnity in the event that a risk occurs. On the other hand, title insurance emphasizes loss prevention by eliminating risks caused by title problems arising from past events.
This provides the buyer peace of mind that the title for their real estate is being transferred to them free from encumbrances and liens. The seller typically pays this policy, which will be sent in the mail after closing, accompanied by the recorded deed.
This is most often required by the lender to ensure there are no encumbrances and liens on the property but to give them peace of mind that they can allow you to use this property as collateral for your new loan.
Endorsements are used to expand or otherwise modify the coverage of a title insurance policy on real property. There are various title insurance policies made available to owners of real property by title companies, including standard coverage, ALTA (American Land Title Association), and extended coverage.
Abstracts of Richmond, Inc. facilitates the process of retrieving documents evidencing events in the history of a property to determine relevant interests in and regulations concerning that property.
Residential & Commercial Real Estate
Our professional staff is committed to tailoring our services to meet your needs. From the initial title work to the notarized closings, we are here to ensure a smooth process by working with all parties involved, including the buyer, seller, buyer’s lender, or their attorneys.
Abstracts of Richmond, Inc. is locally owned and operated. We have access to local legal counsel to support our legal issues and questions. We have five attorneys accessible to answer the most difficult title questions. They are available to all clients and can resolve critical issues that may arise before closing.
Specialty Services Facilitated Through Local Legal Counsel
- 1031 Exchanges
- Land Contracts