Cohousing-L Mailing List: Re: Communities that handle property buys and sells

[Kathryn McCamant (kmccamant]

RE Title Companies: I don't think most title companies in California are owned 
by attorneys. Yes, we close thru a title company and here in Nevada City we 
have one most all of us have worked with so they are familiar with cohousing, 
but I would not count on them to provide any legal review other than strictly 
title issues. 
Katie

Tom said: 

Katie et al.: Although you may not realize it, if you had a title company 
handle your settlement, I believe that invariably there was an attorney at the 
helm. I have practiced real estate in several states and every title company 
was typically owned and managed by an attorney. The title company typically 
reviews and interprets the contract, prepares the settlement calculations for 
the lender and tax authorities and also issues your title insurance policy to 
insure against title defects and assures that your deed and mortgage agreements 
are filed in proper order to assure continuity of title and security for your 
lender.
    
    Tom Lofft
    Liberty Village, MD
    _________________________________________________________________

Katie 
-- 
Kathryn McCamant, President
CoHousing Solutions

T.530.478.1970  C.916.798.4755

www.cohousing-solutions.com


    
    Katie et al.: Although you may not realize it, if you had a title company 
handle your settlement, I believe that invariably there was an attorney at the 
helm. I have practiced real estate in several states and every title company 
was typically owned and managed by an attorney. The title company typically 
reviews and interprets the contract, prepares the settlement calculations for 
the lender and tax authorities and also issues your title insurance policy to 
insure against title defects and assures that your deed and mortgage agreements 
are filed in proper order to assure continuity of title and security for your 
lender.
    
    Tom Lofft
    Liberty Village, MD
    _________________________________________________________________
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