Central Land Title Agency Co. is a fully owned subsidiary of Barron Peck Bennie & Schlemmer Co., LPA, organized to provide clients with the highest level of timely, economical service to fulfill their transactional needs.
Central Land is a full service title agency with closing personnel, paralegals and title examiners who are supervised by and work in conjunction with designated business real estate lawyers of Barron Peck Bennie & Schlemmer Co., LPA.
Central Land has served as title agent for individuals, developers, builders, residential and commercial lenders in multi-state transactions, construction and bond financing and other governmental incentives. We routinely:
- Write title insurance, prepare closing documentation, review surveys, disburse closing funds, record deeds, mortgages, leases and other transactional material with the appropriate recording authority; and Facilitate transactions by serving as Escrow Agent pursuant to a written Escrow Agreement; and
- Coordinate multi-state transactions; and
- Prepare preliminary judicial reports (“PJR”) in foreclosure actions.
Selecting a Title Agency
The choice is yours! Each lender will typically require a mortgagee title policy covering the outstanding balance on the mortgage to be paid by you. Thus you, the consumer, should inform your lender, buyer or seller that Central Land will act as title agent in order to eliminate frustration and inefficiencies caused by unnecessary third parties to a transaction.
Why should you purchase an Owner’s Policy of Title Insurance?
Title insurance was established to protect owners and lenders against the hidden hazards of real estate ownership: forgeries; faulty surveys; hidden liens; conveyances by a minor or mentally incompetent person; the false representation of a married person as being single; and many other title defects. Even the most complete search of records may not reveal them all. Hidden hazards can arise after closing, resulting in unpleasant and costly surprises. The title insurer will pay for defending against an attack on the title as insured, and will either perfect the title or pay valid claims.
Your home, investment property, or new office building is typically the largest single investment you will ever make and you will need to protect your equity by purchasing an Owner’s Policy. Depending on local practices and state law where the property is located, you may pay an additional premium for an Owner’s Policy. The premium for title insurance is completely different than casualty insurance. The Owner’s Policy is paid with a one-time premium, typically paid at Closing. An Owner’s Title Insurance Policy will last well past the point in which you sell the Property in the event a subsequent Purchaser challenges the marketability of your title and the deed you provided.