Micasa can serve as the escrow holder in residential resale purchase transactions to ensure that all requirements and agreements are fulfilled. Once all of the conditions of escrow are met, the lender will deposit the loan, the deed will be recorded and the proceeds will be paid to the seller. We know how to professional and promptly complete your residential resale purchase transaction.

In addition to other residential services, we offer residential refinancing title services. Unlike an owner’s policy, that will last the lifetime of your home, a lender’s title insurance policy will expire the moment that a loan has been paid off. If you are refinancing, you need to get a new lender’s title insurance policy. We can guide you through the entire process from start to finish.

At Micasa Title, we can work as both an escrow closing agent and construction escrow manager on residential or commercial new construction projects. We go above and beyond to meet the needs of every party involved, including the homeowner or property owner, the lender and the builder.

Cash transactions for any significant purchase, including real estate, should always be completed using an escrow service to ensure that both parties are protected during the buying and selling process.

Buying or selling a commercial property is a complicated real estate transaction to both manage and close. Without the right escrow officer and title company, details could be left out, and the entire transaction could be compromised. Whether you’re purchasing a shopping center or office building, Micasa can help.

As with residential refinancing, commercial refinancing is treated as paying off the previous loan and taking out a new one with the bank. As a result, a new title insurance policy must be purchased.

Just like with refinancing, you must also purchase a title insurance policy for a reverse mortgage. Micasa Title can assist with each step of the title search and title insurance purchasing process to ensure a smooth and seamless reverse mortgage process.

Assumption clauses are provisions that allow the home seller to pass the existing mortgage responsibility to the buyer of the property. These real estate transactions should be handled with the right escrow partner so that the home transfer and mortgage assumption are completed properly.

The title company’s primary task is to provide title insurance to the borrower and any lender involved in financing the transaction. The title company also handles the real estate settlement or closing to make certain that the documents necessary to convey clear title have been properly executed and filed, and that all previous interests in the property have been properly transferred and/or disposed.

A title search is essentially a review of all recorded documents affecting a parcel of property in order to determine the current condition of title.

Yes, there are various items that a title search cannot reveal. A title search will only reflect what recorded among the public records. Anything not yet recorded, incorrectly indexed or items that have failed to be recorded will not appear in the results of the search.

Title insurance is an insurance policy that protects real estate owners and lenders against any property loss or damage because of liens, encumbrances or the defects in the title to the property. The policy states that if the status of the title to a parcel of real property is other than as represented, and if the insured suffers a loss as a result of covered defect, the insurer will reimburse the insured for that loss and any related legal expenses, up to the face amount of the policy.

Some examples of items that title insurance protects against are: errors in the deed, forgeries, undisclosed heirs, fraud, duress, improperly recorded documents, liens, encroachments and easements.

Typically, when a lender is involved the amount needed at closing will be available twenty four hours in advance. In certain situations the amount may not become available until closer to the settlement or closing. Under those circumstances borrowers should wire funds or obtain a certified check based on the amount disclosed on their Good Faith Estimate or GFE.

At closing a wire transfer or certified funds including cashiers or official checks are required.