| Loyalty Abstract | PA Title Insurance |
“Commitment to superior quality service is our top priority. Our mission is to provide professional and quality services to our clients”
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Buying a home is an important purchase. Once the deeds and mortgage documents are signed, the property is yours, so you think, but it may not be. Chances are, you are the owner, but a sure title is not having a deed in hand. A deed alone will not cancel prior "rights" others may have to your property-rights and claims you would never expect to exist. When a title policy is issued through Loyalty Abstract, you can rest assured that your property is protected by the policy subject only to its term. If a flaw in the title is discovered, the carrier will defend the title as issued. A low, one-time premium covers the entire cost for as long as ownership remains in your name. Protection of your property rests on the financial stability, professional integrity and responsible management of the title insurance company. So select your title insurance as carefully as you would any other insurance. Protect yourself against loss due to title defects. Insist on an owner's title insurance policy issued through Loyalty Abstract. |
Serving Pennsylvania and New Jersey.
PennsylvaniaTitle Insurance Calculator -
These are the all-inclusive Pennsylvania rates for the member companies of the Title Insurance Rating Bureau of Pennsylvania as approved by the Pennsylvania Insurance Department. These rates became effective March 1, 1995, and were amended January 1, 2002 and May 1, 2006.
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The resulting calculations do not constitute a formal price quote or application for title insurance. |
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If you are planning to refinance a loan that you currently have, you are going to need a Title Escrow Company. Title Companies provide the same coverage, but differ in title insurance cost. Loyalty Abstract makes it easy for you to compare the quotes by providing a Refinance calculator and Purchase calculator. You have to use the Loan Amount given to you on the good faith estimate (new GFE). The calculator is estimating the fees that you are going to see at closing on HUD 1 settlement statement, also known as HUD 1A, or HUD1. One of the charges that you will see is CPL (closing protection letter) or CSL (closing service letter). This is a lender required fee for a document that protects the lender to be in a first lien position.
A Title commitment is a report which contains different schedules that help the buyer and seller find out who is being insured, the amount of the insurance, any exceptions to the title policy and the legal description. It can appear complicated, but you can always call us or realtor and ask for an explanation.
Quit claim deed, also known as Dollar Deed ($1 Deed) is often used when you are adding or removing someone from title. In Pennsylvania this is also known as PA title transfer. This transaction must contain consideration to be transferred.
Certificate of Occupancy (CO, U&O, Use and Occupancy cert) is required by the township or City where the property is located. Usually, the realtors obtain this document on behalf of the seller. The buyer should review this certificate to see if there are any violations or zoning issues.
It is beneficial to purchase a property at a Sheriff Sale if there is a large difference between the market value of a foreclosed property and the actual judgment amount at the auction. The listing of the properties may be found online in Philadelphia County. It is a good idea for a potential investor to order a Mortgage Judgment Lien (MJL) search to see what the existing liens are against the property.
We accommodate our clients with Escrow Services when there are no agents involved in a Purchase transaction. We collect a Bank Check (Deposit) from the buyer and place this money into the Settlement Escrow Account. Both buyer and seller will sign an Escrow Receipt once the money is received by our company. There is no fee for this service.
