Frequently Asked Questions (FAQs)

What will I need to bring to closing?
You will want to have these items in hand when you come to the closing:

Buying/Selling Party
  • Cashier’s check(s) (if needed; made payable to: Cardinal Title, LLC) or you may wire your funds (please contact us for our wiring instructions) Please note: Cardinal Title, LLC may require you to wire your funds instead of obtaining a Cashier’s check if funds exceed a certain dollar amount
  • Photo identification (passport, driver’s license, or state-issued identification card)
  • A personal checkbook is also recommended
How can Cardinal Title help with For Sale By Owner (FSBO)?

Cardinal Title, LLC will keep you from being overwhelmed with the countless details of selling your property, because we take care of all the details for you. You will be pleasantly surprised how much money you willl save at the closing end of the deal for your “for sale by owner” transaction. Please contact us for more information.

We also have an in house legal counsel that can prepare certain documents that may arise during the closing process (i.e., well agreements, land contracts, Powers of Attorney (POAs); specific POA to sell, purchase, refinance, etc). Additional fees most likely will apply. Please contact Hebl, Hebl and Ripp, LLP for more information.

What are your rates?

The fees collected by a title agent are primarily based on the size and complexity of the transaction, the difficulty of the title research and the existence of the title insurance on the property prior to its sale. In addition, some fees may or may not include other services provided by the title company.

Fees for services will be provided upon request. Reissue rates/discounts are available if certain criteria are met. Please contact us for details or to determine eligibility.

Do I need Title Insurance?

Most definitely! Title insurance protects the equity in your home. It is a means of protecting yourself from financial loss in the event that problems develop regarding the rights of ownership to your property.

For a low one-time premium your home will be protected against hidden risks or undiscovered interests, such as liens, claims or encumbrances.

Once purchased, title insurance remains in effect for as long as you own your home, adding security and peace of mind to home ownership.

When you purchase your home with Cardinal Title, LLC you can be sure that there are no problems with the property’s title. Problems with the title can limit your use and enjoyment of the property, as well as bring financial loss.

If my lender obtains Title Insurance, won’t that protect me?

Not necessarily. These are two types of title insurance. The lender’s policy covers only the amount of its loan, which is usually not the full property value. And in the event of a claim, there is no provision for payment of legal expenses for an uninsured party. When a loan policy is being issued, the small additional expense of an owner’s policy is a bargain. (It is the seller’s responsibility to provide the new buyer with an owner’s policy.)

How do I learn what claims are against my property?

The primary purpose of title insurance is to eliminate risks and prevent losses caused by defects in title arising out of events that have happened in the past. To achieve this goal, title insurers perform an extensive search of the public records to determine whether there are any claims to the real estate. This is the first step a title insurance company takes in order to insure your title.

Some of the things a title search uncovers are any unpaid taxes or mortgages, judgments against previous owners, easements, and many other court actions or recorded documents which affect title to real estate.

Each transfer of ownership is a “link” in what is referred to as the “chain of title.” As each transaction or link takes place, there is a potential for problems. Every title is made up of many different “rights” and “interests” that may be owned by different people. The “owners” of the property own the most valuable part of the property’s rights and interests, but other people may also have rights to the property, such as easements for utilities or mortgages, etc.

The title insurance company will perform a search and report their findings in the preliminary title report.

The seller and real estate agent can then work together with the title insurance company in resolving any title claims. Those claims are either eliminated prior to the issuance of a title policy or their existence is removed/excepted from coverage.