FAQ
Answers to common questions about title searches, title insurance, escrow and real estate closings in Rhode Island and Massachusetts. Don’t see your question? Call 401-546-0330.
A title company confirms that a property’s title is clear, issues title insurance, holds funds in escrow and conducts the closing, making sure documents are signed, funds are disbursed and the deed and mortgage are recorded.
Title insurance protects against covered losses from title defects that were not discovered before closing, such as forged documents, undisclosed heirs or errors in the public records. The premium is paid once, at closing. More about title insurance.
Most lenders require a lender’s policy. An owner’s policy is optional, but it protects your own investment against covered title defects for as long as you own the property. More about title insurance.
A lender’s policy protects the lender’s interest up to the loan amount. An owner’s policy protects you, the owner, generally up to the purchase price, for as long as you or your heirs own the property.
Escrow means a neutral third party holds funds and documents until the conditions of the transaction are met. At closing, we disburse funds to the seller, lenders, agents and others according to the settlement statement. More about escrow services.
It depends on the property and the records involved. Contact our office as early in your transaction as possible and we will let you know what to expect for your closing date. More about title searches.
Bring a valid, government-issued photo ID. If you are bringing funds, follow the instructions you receive from our office and confirm any wiring instructions by phone at 401-546-0330 before sending money.
Always confirm wiring instructions by calling our office at a phone number you know is correct, such as 401-546-0330. Never rely on wiring instructions sent only by email, and be wary of any message saying instructions have changed.
Yes. We serve clients throughout Rhode Island and Massachusetts, for both residential and commercial transactions. See the areas we serve.
Yes. We provide title, escrow and settlement services for commercial real estate transactions as well as residential closings. More about commercial closings.
Buyers, sellers, lenders, real estate agents and attorneys can all open an order with us. Call 401-546-0330 or email office@feesimpleclosings.com. Contact our office.
Fee simple is the most complete form of real property ownership: the owner holds the property outright, with the right to use, sell or pass it on, subject to the law and any recorded restrictions. It is also where our name comes from. About the firm.
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Call our Johnston office or email your purchase and sale agreement or loan details. We will open your file and take it from there.