After opening our doors in July 2021 on the Mississippi Coast, we decided in July 2022 to expand by opening a title insurance agency in Alabama as well. As of today, we are able to accommodate closings in ALL COUNTIES in both MISSISSIPPI and ALABAMA. WHAT WE DO: Buying and selling real estate may seem daunting without proper guidance, but it doesn’t need to be stressful. Instead, the process should be exciting, and your nerves should be at ease. As your closing agent in either Mississippi or Alabama, Coast Title Company first examines your title in order to determine whether any ownership issues may exist. After a thorough title search, we issue title insurance to protect the buyer and/or lender. After the title search comes back clear or title issues are resolved, and after “clear to close” has been given by the lender, we coordinate the closing details with all parties. At the closing table, the title insurance and mortgage documents are presented and explained. Once the closing is finalized, Coast Title Company has the deed recorded in land records, funds will be disbursed to the various parties, and the title insurance policy will be issued.
When a property is financed, bought, or sold, a record of the transaction is filed in public archives. These records along with records of other events that may affect ownership of property (liens, judgments, back taxes, etc.) are also archived. When you purchase title insurance, Coast Title Company searches these records to find and remedy various ownership issues. After the search is complete, the title insurance underwriter will determine the insurability of the title. There may be instances where even the most skilled title professional may not find all problems, however. Filing errors, forgeries, or undisclosed heirs are difficult to identify, so after Coast Title finishes its search, we provide a title insurance policy that will help protect you from the same or similar issues that may be uncovered later. If you take out a mortgage, the lender will require title insurance to protect the lender’s interest in the property. There’s also an option for owner’s title insurance that insures your ownership rights to the property. Title insurance buys you peace of mind to cover such a large financial investment.