1/12/2024

Pennsylvania Title, Escrow, Attorney to Close Your Real Estate Purchase



Navigating the Keystone State: Your Guide to Pennsylvania Title and Escrow Companies

Buying a home in Pennsylvania is an exciting but sometimes daunting endeavor. With all the paperwork and legalities involved, navigating the intricacies of title and escrow services can feel like deciphering a cryptic puzzle. But worry not, future homeowners! Demystify the role of title and escrow companies in your Pennsylvania real estate journey.

First things first: what are title and escrow companies?

  • Title companies: Think of them as historical detectives for your property. They research public records to ensure the seller has legitimate ownership and uncover any potential claims or liens on the property. They also issue title insurance, protecting you from any hidden title defects that may arise after closing.
  • Escrow companies: They act as the neutral third party holding on to funds and documents until both buyer and seller fulfill their closing obligations. They collect your down payment, mortgage proceeds, and closing costs, ensuring a smooth and secure transaction.

Why do you need them?

These companies play a crucial role in protecting your investment and streamlining the closing process. They handle intricate legal details, freeing you to focus on finding your dream home. By ensuring a clean title and secure handling of funds, they give you peace of mind and reduce the risk of delays or complications.

Choosing the right partner:

With numerous title and escrow companies in Pennsylvania, finding the right one is key. Here are some tips:

  • Ask your real estate agent or lender: They'll have firsthand recommendations based on experience and local reputation.
  • Check online reviews: Get valuable insights from past clients on company responsiveness, efficiency, and communication.
  • Compare fees and services: Different companies offer varying fee structures and service packages. Find one that aligns with your budget and needs.
  • Schedule consultations: Meet with representatives to discuss their process, experience, and communication style. Find a company you feel comfortable and confident with.

Bonus tips:

  • Title insurance quotes are going to be pretty similar as they are regulated.
  • Ask about additional services offered, like notary services, Closing Protection Letter, Trust Certificate, Vesting Amendments, special recordings, contract changes, or document recording. These costs can vary. Get a breakdown.
  • Communicate openly and ask questions throughout the process.

Remember, choosing the right title and escrow company is an investment in your peace of mind and a smooth closing experience. With careful research and informed choices, you can navigate the world of Pennsylvania real estate with confidence and excitement.

Additional resources:

Enjoy the journey of finding your Pennsylvania dream home!

Pennsylvania has many real estate closing escrow companies, including title companies, escrow services, and title settlement companies: 

  • Two Rivers Title Company LLC: A multi-state company that offers title solutions and closing options 
  • World Wide Land Transfer: Offers escrow services for a variety of transactions, including commercial settlements, financing files, and purchase business 
  • Capstone Land Transfer: An impartial third party that offers escrow services and manages financial details 
  • First Title & Escrow: Offers title and closing services across the country 
  • Universal Settlement Services of PA, LLC: A locally owned title settlement company based in State College, PA 
  • Armour Title: Offers advice, guidance, and customer care for buying and selling residential and commercial property 
  • Security Settlement Services, Inc.: A full-service company that handles title insurance and all aspects of real estate closings 

Other escrow companies in Philadelphia, Pennsylvania include: 

  • OCF Realty
  • Solo Real Estate
  • Title Forward - Philadelphia
  • Maxwell Realty
  • Keystone Title Services
  • Christopher Real Estate Services

In Pennsylvania, the buyer has the legal right to select the title company but often the listing agent chooses. Listing or buyers agent may encourage you to use a real estate attorney for closing but it is not required by law and adds extra costs.