What a Title Company REALLY Does (Title Insurance, Escrow & Closings Explained)
“Do I need owner’s title insurance?” “What does a title company actually do?” In this deep dive, KJ from Assets Real Estate sits down with Mike Palacios (Fortis Title & Escrow) to break down title, escrow, title insurance, liens, surveys, heirs, and how closings really get done—including creative finance (subject-to, novations, wholesale, flips). You’ll learn: Title company vs. attorney: what’s the real difference (and who should you use)? Owner’s title insurance: when it saves you—and when it won’t How liens, judgments, and heir issues are cleared so you can get clear & marketable title Survey problems, “illegal subdivisions,” and why permits get denied Behind-the-scenes workflow: how great title teams prevent last-minute deal killers The #1 trait that keeps closings on track: communication & accountability Chapters: 01:24 Title Co vs Attorney: myth busting 02:50 Title insurance—simple, real-world explanation 04:55 Liens & judgments: how they’re actually cleared 06:44 Do you really need owner’s title insurance? 09:29 Can someone take your house without owners title insurance? 10:00 Wild deal: 15+ heirs, prisons, POAs & child-support liens 12:12 Surveys, subdivisions, and permit nightmares 13:36 Enhanced vs standard policies & cost logic 15:22 What really breaks deals—lender, title, or agent? 19:15 Inside the title workflow (software, tasks, comms) 22:00 “Extra shrimp” service: going the extra mile 24:26 What buyers should review before closing (CD) 25:40 Where to find Fortis Title & Escrow If you want more no-fluff real estate education (buyers, sellers, investors, agents), hit Subscribe and turn on notifications. It helps the channel—and could save you thousands at closing. For Real Estate Agents: ✅ Schedule of a Top Producing Agent Steal the daily schedule of a 6-figure agent → https://newagent.iamchrisawilliams.co... ✅ Launching Your Real Estate Career – Free Guide Your first 30 days playbook → https://newagent.iamchrisawilliams.co... ✅ Want to Join the #1 Real Estate Team in Hampton Roads? Apply for an interview → https://join.theassetsteam.com/join-u... For Home Buyers: ✅ How to Buy a Home With Little or Even $0 Out of Pocket Download here → https://homebuyers.theassetsteam.com/... ✅ Rent vs Buy – The Real Math Compare your rent to mortgage → https://newbuyer.iamchrisawilliams.co... ✅ The Home Buyer Money Map Breakdown of every out-of-pocket cost → https://homebuyers.theassetsteam.com/... ✅ How to Buy Your Dream Home in 30 Days or Less Our 5-step buyer game plan → https://homebuyers.theassetsteam.com/... 🔔Don't forget to like this video if you found the content useful and subscribe for more videos at: / assetsrealestateteam 🌐: https://theassetsteam.com 📲 IG: www.instagram.com/assetsrealestateteam 📲 FB: / theassetsteam 📲 TikTok: @assetsrealestateteam 📲 LN: www.linkedin.com/company/assets-real-estate-team #realestate #AssetsRealEstate #homebuying #realestateinvestment #realestatetips #hamptonroads #realestateteam #757realtor #757realestate #757 #toprealestateteam #realestateteam
