Our affiliate title companies (collectively, "CalAtlantic Title") offer closing agent and/or title insurer services in the following states:
|Arizona||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Colorado||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Florida||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Illinois||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Indiana||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Minnesota||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Nevada||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|New Jersey||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Texas||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|Virginia||CalAtlantic Title, Inc.||Closing Agent and Title Insurer|
|North Carolina||CalAtlantic Title, Inc.||Title Insurer Only|
|Delaware||CalAtlantic Title, Inc.||Title Insurer Only|
|Georgia||CalAtlantic Title Atlanta, LLC.||Closing Agent and Title Insurer|
|Maryland||CalAltantic Title of Maryland, Inc.||Closing Agent and Title Insurer|
|Pennsylvania||CalAtlantic Abstract, Inc.||Closing Agent and Title Insurer|
|South Carolina||CalAtlantic Title Charleston, LLC.||Closing Agent and Title Insurer|
|California||Does Not Operate|
You are not required to use CalAtlantic Title for closing agent or title insurer services. However, if you elect to use them, CalAtlantic Title may be able to help streamline the closing process by utilizing its unparalleled knowledge of the new home communities, and new home sale closing procedures, of CalAtlantic Homes.
What is Title Insurance?
When all or part of the ownership of real property is transferred, or real property is used as collateral for a loan or other obligation, a record of that transaction is generally filed in the land records of the county in which the property is located. When a homebuyer purchases title insurance, the title company providing title insurer services searches these land records to find (and to help remedy, if possible) issues that may affect title, such as liens, levies or encumbrances, to help ensure the homebuyer is obtaining unencumbered ownership of the property.
There are two types of title insurance: Lender’s Title Insurance and Owner’s Title insurance. If you finance the purchase of your home, your lender will require that you purchase Lender’s Title Insurance, which is intended to protect the lender against covered title defects that threaten the lenders lien interest in your home. Owner’s Title Insurance is optional and is available whether you finance the purchase of your home or pay cash. If you elect to purchase Owner’s Title Insurance, it is intended to protect you against covered title defects affecting your home (such as from debt or obligations secured by the property and not created or agreed to by you).
If you elect to purchase an Owner’s Title Insurance policy, and you suffer a covered claim, the Owner’s Title Insurance policy is intended to protect you up to the purchase price of your home, plus legal costs associated with defending the title claim. If you only purchase Lender’s Title Insurance, and the lender suffers a covered claim, the lender may receive claim proceeds, but you will not be covered as an additional insured and your ownership, or enjoyment, of your home may be compromised. Unlike annual premiums associated with homeowner’s insurance, the cost of Title Insurance (either Lender’s or Owner’s) is a one-time charge collected at your new home purchase closing.
If You Elect To Use CalAtlantic Title Where Offered
Approximately 60 days before your anticipated closing date, CalAtlantic Title will begin the process of compiling and reviewing pertinent information about your new home (title search, homeowners’ association documents, tax statements, loan documents, etc.).
Then, while CalAtlantic Homes is completing the finishing touches on your new home, a representative of CalAtlantic Title will notify you of your closing date, and provide you with wire instructions for your transaction.
The Day of Closing
On the day of your new home closing appointment, all required paperwork will be available for your review and signatures. The Closing Disclosure (CD) settlement statement, as well as any loan documents (if you are financing your home purchase), and the ownership transfer documents, will summarize the details of your home purchase, including the final amount due from you. The typical closing takes approximately one to two hours to complete.
Contact Our Affiliate Title Company
Click below for contact information and directions to our affiliate title company branch office in your area.
Request a Copy of a previously purchased Title Policy.