How To Read a Title Commitment?
In nearly every real estate contract the seller agrees to provide the buyer with title insurance. Before closing we will send you a “title commitment” for your review. The title commitment is essentially our promise (i.e., commitment) to issue the title insurance policy after closing, and contains the same terms, conditions and exclusions that will be in the actual title insurance policy. The title commitment also identifies any specific requirements that need to be addressed prior to closing so that the title policy can be issued.