What is a title?

A title is your ownership right to your property.

What is a title search?

A title search is a standard part of the home buying process that is conducted to uncover issues that could prevent your right to the property. Your closing agent reviews public records to see if there are problems or defects that could cause you legal issues.

Will my title expire?

The title insurance policy is in effect as long as you hold title to the property. If at any time the property changes hands from one owner to another, a new title policy must be purchased to continue protection.

Why should I purchase owner’s title insurance?

Purchasing owner’s title insurance is a smart decision because it’s the best way to protect your property from future legal claims.

Is owner’s title insurance expensive?

The one-time payment for owner’s title insurance is low relative to the value of your home. The typical owner’s title insurance policy costs around 0.5% of the home’s purchase price.

How long am I covered?

Your owner’s insurance policy lasts as long as you own your property. Your life will change over time, but your peace of mind never will.

What does a title search cover?

Title insurance protects against claims from defects. Defects are things such as another person claiming an ownership interest, improperly recorded documents, fraud, forgery and liens, and other items that are specified in the insurance policy.

Who pays for the title insurance?

The buyer or seller can be tasked with paying for the title insurance policy, depending on the terms of the contract or purchase agreement

Who needs it?

Purchasers and lenders need title insurance in order to be insured against various possible title defects. The buyer, seller, and lender all benefit from issuance of title insurance.

What is title insurance?

If you’re buying a home, title insurance is a policy that protects your investment and property rights. There are two different types of title insurance: owner’s policy and lender’s policy.

What is an owner's policy?

An owner’s policy protects your property rights for as long as you own the home.

What is a lender's policy?

A lender’s policy is usually required by the lender and protects only the lender’s financial interests. The buyer typically pays for this policy, but this varies depending on geography. We recommend you ask an ALTA member how it’s handled in your area.

Who are our underwriters?

How often will I have to pay a title premium?

Once! The fee is due when you purchase the home, and you never pay it again.

Where will my closing be held?

Mobile AL office: 3315 Old Shell Road, Suite B, Mobile, AL 36607
Baldwin County office: 151 Fly Creek, Suite 434, Fairhope, AL 36532
Orange Beach office: 27075 Marina Road, Orange Beach, AL 36561

What are the closing times?

Our closing hours are between 9:00 a.m. and 4:00 p.m., Monday through Friday. The closing times are determined by the time required to receive loan closing documents and to meet the bank wiring deadlines.

When should I expect to close on my property?

We strive to close based on the date that is agreed upon and stated on the executed purchase agreement. However, there may be circumstances associated with your property/closing that could potentially move your closing date past the date written on the purchase agreement.

Financed: If the purchaser is seeking to close via financing from a lender, upon confirmation from the lender that they are ready to close, a representative from Brock Title Company will call to schedule.

Cash: A representative from Brock Title Company will call to schedule the closing at least within 5 days from the agreed upon closing date.

When will I be provided with an estimate of how much money I will need to close?

Financed: We will not be able to provide an estimate on amounts needed for the closing. Please obtain estimates from your loan representative(s).

Cash: The closer at Brock Title Company, assigned to your file, will provide you with an estimate of the amount needed at least within 72 hours of your scheduled closing.

When will I be provided with a final amount needed for closing?

Financed: Please obtain the final amount from your loan representative(s). This should be provided to you at least within 24 hours of your scheduled closing time.

Cash: Once all parties have reviewed the final closing statements and have given their approval, your assigned closer will notify you with the final amount within 24 hours of your scheduled closing time.

Will I be provided with a final closing statement/closing disclosure before I close?

Financed: Yes, it should be provided to you by your loan representative(s).

Cash: Yes, once all parties have reviewed the final closing statements and have given their final approval, your assigned closer will provide you with the final closing statement.

How do I provide the funds needed at closing?

We require all funds more than $500.00 to be wired into our accounts.
Cashier’s checks will not be accepted. Wiring Instructions will be provided via secure email. In addition, we do not accept ACH deposits. Please do not send one as it will automatically be returned.

What am I required to bring to closing?

All parties that will be signing closing documents will need to provide a valid government issued ID such as driver’s license or passport that is unexpired.
Note: Military ID is not an accepted form of identification.

Who should attend the closing?

All parties that are listed on the purchase agreement.

Note: If your spouse is not listed on the purchase agreement as joining on title, they will not be included on the Warranty Deed and on the Owner’s Title Insurance. We may not be able to make changes to the title on the day of closing. Please make sure that it is clarified prior to your closing, so that we can make the adjustments in advance.

If this is going to be a homestead property, we request that your spouse/partner attend the closing. Brock Title Company and your lender may require, that your spouse/partner sign the mortgage.

What if I or my spouse/partner is not able to attend the closing?

Closings can be conducted either by power of attorney or mailout. If you choose to close by power of attorney, prior to closing Brock Title Company and your lender will have to review and approve it. If you are closing by mailout, we will need to make arrangements to have a notary present to witness your signatures. Please notify us immediately if you will not be able to attend the closing.

Can you help me with the closing of the sale of my home?

Yes. If you are selling your home in conjunction with the purchase of your new home, we would be glad to assist you with that transaction as well. As a full-service title company, Brock Title Company can handle simultaneous closings. The closing process would be much smoother, coordination of both closings would be very easy and the transfer of funds would be seamless

I am selling my house as “For Sale By Owner”, can you help me with that closing?

Yes. If you are selling an existing home, we would be glad to assist you in that transaction as well. Once you have a sales contract on your home, contact Brock Title Company or you can email us your executed purchase agreement to orders@brocktitle.com.

Is title insurance worth it?

Do you have questions?

Please reach out to us directly, and one of our title experts will be happy to assist you.

Let's Chat!