Residential Transactions

RESIDENTIAL REAL ESTATE TRANSACTIONS IN TENNESSEE AND GEORGIA

RESIDENTIAL TITLE COMPANY

Buying a home is one of the largest investments anyone will make in their lives. When purchasing a home, you want to be sure that there are no outstanding claims, liens, or other issues against it. In order to ensure that you will be buying a home free of any of these potential issues, you need residential closing services that can provide you the assurances that you need. Milligan Reynolds is one of the only 5 title companies with dedicated attorneys on staff, so you know you will be taken care of.

Title Search

Milligan Reynolds provides those assurances. They begin their services with a title search. The team searches for the current legal owner of record. They will then determine if there are any mortgages, judgements, liens, or outstanding tax debts and assessments connected to the property. They will also seek to determine if there are any restrictions, property leases, or easements related to the property. A title search is part of the due diligence that should be performed before property closing. After all, you want to be sure that the home you are buying will be yours outright and does not have any hidden issues.

Title Opinion and/or Title Insurance

The results of the title search will be documented for the buyer, and usually, the lender in a Title Opinion Letter or in the Title Insurance policy. Any encumbrances (burdens or impediments) that should be resolved prior to closing and transfer of the property title will be noted. These encumbrances, if not addressed and resolved, can prevent the purchaser from obtaining a clear legal title. Without a title search and documented title opinion, it is possible that you could purchase a home and not possess its complete legal title.

Residential Closing Services

Once the title search and opinion have been completed and all of the other portions of the home buying agreement have been completed, closing is the final step. This is a very thorough and complex process. Milligan Reynolds Guaranty Agency Title has over 80 years of experience providing professional closing services for property owners, real estate agents, and lenders. These services are available for refinancing: new mortgages, second mortgages, etc. They are also available for real estate sales and new construction disbursements and closings. So, whether you are buying a new home, building a new home, or refinancing your old home, Milligan Reynolds can handle the closing.

Recording of Documents

Once the closing is complete, Milligan Reynolds will take care of the legal fillings of the documents and records with the county where the property resides. Milligan Reynolds can handle closings for properties in Tennessee and Georgia and takes care of document filings in both states. These filings serve as additional protection of the legal rights of the parties involved in the residential transaction.

With three convenient Chattanooga locations and mobile closing services, Milligan Reynolds makes the closing process as straightforward and streamlined as possible. For more information or to schedule a closing, call Milligan Reynolds today.

Refinancing Title Company

When the interest rate of the housing market goes down, it is the perfect time to refinance your mortgage rates. Not only will you save money in the long run, but you will also save money monthly! Before refinancing your home loan, you should talk to a qualified loan officer and a title company. Milligan Reynolds has been in business since 1938 and has over 150 years of combined experience, so we can help you refinance your mortgage without the stress. Start saving money and contact us today!