1. AMERICAN LAND TITLE ASSOCIATION HOMEBUYER PRESENTATION

2. Ensuring a Smooth Process So You Can Get the Keys to Your New Home

3. Step 1: Determine What You Can Afford Down payment Closing costs Offer Accepted Timing crucial Select a title/settlement agent

4. The Process Begins Search the public records Resolve any issues Closing day Disburse funds Record documents

5. Protecting Your Purchase Do you really own your home? Issues that could limit your use Owner’s policy of title insurance One-time fee Provides protection for as long as you own the property

6. Finding the Problems Research history of a property Review prior deeds, mortgages, divorce decrees, court judgments, delinquent taxes, child support payments, etc. Look for covenants, conditions, restrictions, utility and other types of easements Title professional resolves any issues Ensure a trouble-free closing

7. Examples of Title Issues Purchase new home from a builder Roofer not paid Find your dream home and want to build a swimming pool Utility line running through backyard Retiring and downsizing Real owner knocks on your door

8. How You Are Protected Owner’s Policy of Title Insurance Title insurance company works to resolve issues Cost of defense and legal fees generally covered Filing a claim Title insurance policy is a contract

9. Closing the Deal Many professionals involved Depends on where you live “Gluing” the process together Orchestrate transaction from start to finish

10. Select a Professional and Ask Questions Select your own professional Ask for a referral Closings vary from state to state Ask questions Find a professional in your area www.homeclosing101.org

11. TITLE INSURANCE. PROTECTING THE AMERICAN DREAM, ONE HOME AT A TIME.