Title Agent Clause Examples
The Title Agent clause designates a specific party responsible for managing and facilitating the transfer of title in a real estate transaction. This agent typically conducts title searches, ensures that the title is clear of liens or encumbrances, and handles the issuance of title insurance. By assigning these duties to a qualified professional, the clause helps ensure that ownership is properly transferred and that both parties are protected from potential title defects or disputes.
Title Agent. Purchaser shall be responsible for any and all fees or costs payable to any title agent conducting or attending the Closing, or who performs a title search or prepares a title report.
Title Agent. Unless Lender otherwise agrees, all title work shall be ordered and coordinated, and the closing of the Loan shall be conducted through contact Tel: .
Title Agent. Unless Lender otherwise agrees, all title work shall be ordered and coordinated, and the closing of the Loan shall be conducted through ______________________________contact _____________Tel:_________________
Title Agent. All title insurance shall be issued by an authorized agent (“Title Agent”) for the Title Company, and both SELLER and BUYER hereby waive any conflict which may exist by virtue of the Title Agent also serving as legal counsel to SELLER.
Title Agent. The Escrow Agent, as agent for the Title Company, agrees with Seller and Purchaser that: (i) recordation of the Deed constitutes the Escrow Agent’s representation that it is holding the closing documents, closing funds and closing statement and is prepared and irrevocably committed to disburse the closing funds in accordance with the closing statements; and (ii) the release of funds to the Seller shall irrevocably commit Title Company to issue the Title Policy in accordance with this Agreement.
Title Agent. Seller shall designate the title insurance agent for the purchase and sale of the Unit (the “Title Agent”). The Title Agent shall issue to Purchaser, at Seller’s cost and expense, a standard owner’s title insurance commitment and policy which will be subject to those matters set forth in Section E.1 above. Seller shall not provide Purchaser with an abstract of title, prior owner’s title policy or any other type of title information for the Unit.
Title Agent. Unless Administrative Agent otherwise agrees, all title work shall be ordered and coordinated, and the closing of the Credit Agreement shall be conducted through First American Title Insurance Company contact Xxx XxXxxxxx Tel: 000-000-0000 and Chicago Title Insurance Company contact Xxxx Xxxxxx Tel: 000-000-0000.
Title Agent. The Buyer is entitled to legal representation at the closing and may elect to have such representation at Buyers own expense. Buyer and any Xxxxx’s Lender/ Title Company/ Attorney if applicable, agrees to cooperate with Seller’s Title/ Closing Company at no extra expense to the Seller. It is Xxxxxx’s intent to deliver an Owners Title Insurance Policy in lieu of an abstract in the customary states. The Buyer hereby accepts the Owners Title Insurance Policy in lieu of an abstract, if applicable. The seller agrees to pay the premium for an Owners Policy only if the policy is issued by Xxxxxx’s selected Title/Closing Company or their title insurance agent. Seller shall pay its own title examination fee to Seller’s Title/Closing Company, as well as a standard base Owners Policy of title insurance premium based upon the sales price, supplied to the Buyer by Seller and Seller shall also select the title agent issuing same. Unless otherwise specified by Buyer, all closing transactions will be conducted by Seller’s Title/ Closing Company at a time and location selected by Seller or Seller’s Title/Closing Company. Buyer shall pay their share of all customary closing fees and title fees to the Settlement and Closing /Title agent. If Seller permits in writing, Buyer or Xxxxx’s Lender/Title Company/Attorney if applicable, to use a non Seller selected Closing Agent/ Title company or Attorney if applicable, then all closing transaction and title fees of both the Buyer and Seller will still be the buyers responsibility to pay on the HUD closing statement at the time of closing, which include all Seller fees charged by Seller’s Attorney, Seller’s Title Company, and Seller’s Closing Company
Title Agent. Unless Administrative Agent otherwise agrees, all title work shall be ordered and coordinated, and the closing of the Credit Agreement shall be conducted through First American Title Insurance Company contact Xxx XxXxxxxx Tel: 000-000-0000. The contact information for Xxxxxxx Title Insurance Company is Gelsomina Gambaradella-Xxxxxxx Tel: 000- 000-0000, ext 215.
Title Agent. (a) The Title Agent shall promptly deposit the Xxxxxxx Money and hold the same and disburse the same in accordance with this Agreement. Failure of clearance of the Xxxxxxx Money shall not excuse Buyer from performance under this Agreement, and shall be a breach of the Agreement by Buyer.
(b) The Xxxxxxx Money shall be applied against the Purchase Price at Closing, or refunded to Buyer or paid to Seller if this transaction is not closed, as the case may be, all in accordance with the terms of this Agreement.
(c) The Xxxxxxx Money shall be deposited by Title Agent in its general trust or escrow account, and shall not be required to bear interest.
(d) In performing any of its duties hereunder, the Title Agent shall not be liable to a party or to any third person for any misdelivery to Buyer or Seller of monies subject to the escrow, nor shall the Title Agent incur any liability to anyone for any damages, losses or expenses, except for the Title Agent’s own willful default, gross neglect or breach of trust.
(e) In the event Title Agent has doubts as to its duties or liabilities under this Agreement, the Title Agent may, in its discretion, continue to hold monies in escrow until the parties mutually agree on disbursement thereof, or until a court of competent jurisdiction shall determine the rights of the parties thereto. Alternatively, the Title Agent may elect to deposit the funds held with a court having jurisdiction of the dispute, and upon notifying the parties of such disposition, all liability of the Title Agent under this Agreement shall terminate.
(f) In the event of any action between Xxxxx and Seller in which the Title Agent is made a party by virtue of serving as Title Agent under this Agreement, or in the event of any suit in which the Title Agent interpleads the monies in escrow, the Title Agent shall be entitled to recover all costs including a reasonable attorney’s fee through all trials, appeals and other proceedings from the losing party.