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Home > Property Insurance Coverage > Title Insurance > Barbour Title Company
Barbour Title Company
Barbour Title Company offers complete escrow service to their clients. The Barbour Title Company is in business since 1915. The company provides secure off site fire resistant storage so you are assured that your original documents will be safe. As escrow agent, Barbour Title Company prepares and files all required annual information returns with the Internal Revenue Service IRS. Payment coupons are provided for the buyer annually as well as paying back schedules for both parties to enable you to track principle and interest payments throughout the year. Year end statements are provided showing an annual history of contract transactions.
There are numerous problems that can arise when buying a house. A previous owner could have taken out a loan on the property, which would become the new owner's debt. In a separation or divorce, the previous owner could have taken out a mortgage without the knowledge of their partner. A lost beneficiary could appear and stake a claim to the property. Title insurance protects new owners from all of these claims.
To overcome these crises the clients of Barbour Title Company are provided with the services such as title insurance, abstracts, real estate closings, contract escrows, and county reports. They also provide tax and insurance reserves services. This assures both parties that insurance coverage is maintained on the property, insurance premiums and real taxes are paid on time.
Although it is a product considerably different from other kinds of insurance coverage, the title insurance can be very effective for avoiding losses and claims in real estate transactions.
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