FAQ

A title insurance policy safeguards consumers against potential losses that may occur after a real estate purchase, including issues such as undisclosed liens, defects, or encumbrances on the property.

There are two primary types of title policies:
1. Owner’s Policy: This policy protects the buyer’s interest in the property, up to its value at the time of purchase.
2. Loan Policy: This policy safeguards the lender’s interest in the property, up to the amount of the principal on the loan.

The cost of a title policy is determined by the property's sale value, with insurance premium rates established by the Texas Department of Insurance. All title agents adhere to these standardized TDI rates, ensuring uniform premiums across the industry.

Title insurance does not provide coverage for losses due to fire, flood, theft, or other types of property damage. These risks are typically covered by a homeowner's insurance policy. Additionally, title insurance does not cover defects or issues that arise after the policy has been issued.

All signers must present a valid Driver’s License or Passport. Please consult with your escrow officer to determine whether funds should be wired or provided via a Certified Check at closing. Additionally, bring a personal check to cover any minor costs that may arise from last-minute adjustments. Unless alternative arrangements have been made, also bring property-related items such as house keys, gate keys, and remote controls.

Cyber Security?>

Protect yourself from cyber fraud. Please watch the video or read the information below
to learn effective strategies for safeguarding yourself against cyber fraud.

Video Poster
play btn
How your money can be stolen
Hacked Email:

Hackers gain access to the email account of someone involved in the
transaction—such as the buyer, seller,real estate agent, mortgage lender, or title
agent. In short, we take care of making your home beautiful, but above all safe.

Email from Hacker:

The hacker sends an email from the compromised account to alter wiring or
payment instructions without the knowledge of other parties involved

Consumer Pays Incorrect Account:

If the altered instructions are not questioned, funds intended for the transaction
may be sent to the wrong account, allowing the criminal to escape with the money.

Closing Day:

IBy the time closing day arrives and the error is discovered, the
funds are often already gone.

How to avoid wire fraud
Always Question Emails with
Wiring Instructions:

Be cautious with emails containing wiring instructions, as hackers exploit
the real estate closing process to steal significant amounts of money.

Verify Before Sending Money:

Before transferring any funds, always call your contact at the title company
to confirm the instructions. Additionally, verify with your bank.

Verify After Sending Money:

Call to confirm receipt of the funds immediately after sending them to
ensure they were received by the correct recipient.

Closing Day:

Contact your bank, mortgage company, and title company immediately if you
notice any discrepancies. If necessary, reach out to your local FBI office for further assistance.

Best Practices

We have implemented a range of industry-leading procedures to ensure your privacy and security. These include adherence to ALTA’s Best
Practices, TRID, and Data Call. Our robust measures are designed to ensure that your significant transaction is completed accurately and
securely the first time.To keep our team current with the latest industry requirements and company policies, we conduct quarterly training
sessions and weekly staff meetings.Here are some of the enhanced security measures we have adopted to safeguard your information:

Licensing:

The Company has established and maintains current license(s) as required by the
applicable licensing bodies to conduct the business of title insurance & settlement
services for the purpose of ensuring that the Company is fully compliant with all
applicable laws and regulations.

Escrow Account Controls:

The Company has adopted & maintains appropriate written procedures & controls
for Escrow Trust Accounts allowing for electronic verification of reconciliation
to help meet client and legal requirements for safeguarding client funds.

Information and Data Privacy:

he Company has adopted & maintains a written privacy & information security
plan to protect non-public personal information as required by local, state &
federal law describing how non-public customer information is protected.

Title Production:

The Company has adopted and maintains written procedures related to title policy
production, delivery, reporting and premium remittance, ensuring we meet our
legal and contractual obligations.

Settlement Policies and Procedures:

The Company has adopted standard real estate settlement policies & procedures
to ensure that as a settlement company we can provide a safe and compliant
settlement and meet state, federal and contractual obligations governing the
settlement process and provide for ongoing employee training.

Consumer Complaints:

The Company adopts and maintains procedures for resolving consumer
complaints, ensuring that any instances of poor service or non-compliance do
not go unresolved.

Errors & Omissions and Fidelity Coverage:

The Company maintains appropriate professional liability insurance and fidelity
coverage ensuring we have the financial capacity to stand behind our
professional services.

Property Tax

Texas Pride Title may include links to external sites that we believe uphold our high standards and respect for privacy.
However, we are not responsible for the content or privacy practices of these external sites.

after_img_1

Are you ready to close?
Let’s collaborate

after_img_2

CONTACT

Start Your New Journey
With Texas Pride Title