Title Insurance and Much More!
We've Got it All Covered!
When you hire ALT to provide title insurance for your residential real estate purchase, we will be managing your settlement process and conducting your closing too. And it’s all included in the one-time title insurance premium that you pay at settlement. Our process makes it unnecessary to pay an additional fee for similar settlement services offered by a real estate broker/agent or their in-house service providers.
We encourage you to shop around and compare settlement services and fees. In fact, federal law is clear that real estate brokers must notify consumers in writing that they are not required to utilize the ancillary settlement services provided by their company/agent or their preferred settlement services provider as a condition of purchasing real estate.
| Included | |
|---|---|
| Accessible in-house attorney & experienced licensed title agents | ✅ |
| Draft the Agreement of Sale and other necessary addendums once all terms have been agreed upon | ✅ |
| No conflicts of interest with using affiliated title companies | ✅ |
| Perform a 60-year title search and prepare title insurance commitment | ✅ |
| Distribute the title commitment to your lender and all other parties | ✅ |
| Assist buyer’s lender in clearing mortgage conditions related to clear title | ✅ |
| Disclose and collaborate with sellers to clear potential title issues, outstanding liens, judgments and municipal taxes & utilities* | ✅ |
| Hold earnest money/deposit money in our escrow trust account and make sure it’s properly credited at closing | ✅ |
| Prepare the new deed transferring ownership (no charge to seller or buyer) | ✅ |
| Schedule your final settlement, send out settlement notices | ✅ |
| Collaborate with your lender to prepare and distribute your final Closing Disclosure and ALTA Settlement Statement | ✅ |
| Conduct closing at the location of your choice, explain and notarize all mortgage and related settlement documents | ✅ |
| Collect and disburse all funds according to the terms outlined on the ALTA Settlement Statement | ✅ |
| Record the deed and mortgage with your local municipality | ✅ |
| Issue final title insurance policies to the new property owner and lender | ✅ |
| Provide electronic copies of all settlement documents post closing | ✅ |
| No doc prep fee for future deed modifications (change in title vesting as a result of a life event for as long as the insured buyer(s) own the property) | ✅ |
| Free in-person notary services for life for the insured buyer(s) | ✅ |
| Additional fees to process your transaction: | $0 |
Title clearing services for the seller when their buyer uses ALT for their title insurance:
| Title Clearing/Settlement Services | ALT | Typical One-Stop Shop |
|---|---|---|
| Order mortgage payoff, tax & municipal certifications (Cost of certifications are additional) |
✅ $375 | $395–$595 |
| Deed preparation | ✅ Included | $150 |
| Courier and wire fees | ✅ Included | $50–$100 |
| Notary fees (in-person) | ✅ Included | $25–$75 |
| Total Title Clearing Fees for the Seller | $375 | $620–$920 |
But wait, there's more!
After your settlement...
We Keep You Organized!
- We provide you with an electronic copy of the signed closing documents and Agreement of Sale
- We store a copy of your electronic documents too, in a safe and secure place, in case you need them in the future.
- If you ever need a copy of your deed, just contact our office and we’ll send you a copy free of charge.
- If you ever need to add or remove someone from your deed, we will prepare the new deed at no cost. You will only have to pay your municipality’s recording fees.
Get a complete and accurate Title Quote
ALT was one of the first companies to offer their customers an online title insurance calculator that details not only the title insurance premium, but all of the lender required endorsements, CPL, miscellaneous fees, county recording fees and transfer taxes.