FAQs

Frequently Asked Questions for Our Title Company

At Big Country Title, we aim to address common queries related to commercial and residential title services, escrow, and real estate closings. As a trusted and reliable title company, serving Abilene, Breckenridge, Eastland, TX, and the surrounding areas, our professionals strive to offer dedicated services with the knowledge and experience in all aspects of title insurance, escrow services, and settlement transactions.


Whether you are a buyer or seller, navigating the complexities of commercial and residential property transactions can be overwhelming. Our list of frequently asked questions can help answer some of your questions. If you should have further questions or concerns, please be in touch with our team. Call today!

FAQs

  • What is title insurance & do I need it?

    Title insurance is a policy for titles on specific properties that protect the right of ownership, the lender, and the buyer in the event of financial loss. Lenders often require you to have title insurance, but even if you paying for a property out of pocket only, you should consider getting title insurance in case there is a defect with the title.

  • What does title insurance cover?

    Title insurance policies help to cover the cost of legal defense and the party who owns and is selling the property. The insurance allows protects you from fraud, unpaid taxes & inheritance, misinterpretation of a will or wills, forgery, and other potential legal issues.

  • How much does title insurance cost?

    Title insurance is a one-time payment that lasts the duration that you own the property. The amount varies depending on the overall cost of the property, but typically averages less than 10% of the closing costs. 

  • What is a title report?

    A title report is a document that includes all necessary and relevant information pertaining to the property, including owners, outstanding liens and mortgages, easements, and more. 

  • What can a title agency do for me?

    A title agency conducts title searches, which is where they find information about the specific property you want to purchase. They can also provide title insurance, conduct escrow, and handle closing needs.

  • What is a settlement agent?

    A settlement agent helps the buyer and seller during the transaction process. They are a third-party that also assists in processing documents and coordinating the flow of funds, keeping all parties updated along the way. 

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