Below are brief descriptions of some of the many services we provide at 110, Title. The list is by no means exhaustive, so if you have any questions relating to real estate title transactions in Louisiana, please contact us. With two attorneys and two notaries, 110 Title is in a position to offer prompt, reliable and professional service. Whether you are a real estate agent/broker, a mortgage or commercial lender or a consumer in the market for real estate, we want to be your preferred title company for transactions not only in Mandeville and Covington, but for all of St. Tammany and the surrounding parishes.
An abstract of title, or title search, briefly summarizes the various activities affecting ownership of a parcel of land. When a person or business agrees to purchase real estate, that person or business arranges for an examination of the history of the property’s title. A title search is conducted to determine that the seller of the property in fact owns the property and has a free-and-clear, or merchantable, title.
Real Estate Closings
This is the final step in executing a real estate transaction and is usually several weeks after the offer is formally accepted. Upon signing all the necessary legal documents, ownership of the property is transferred to the buyer. In most jurisdictions ownership is officially transferred when a deed from the seller is delivered to the buyer.
At 110 Title we offer a full range of services including, but not limited to, deed preparation, power of attorney preparation, and general notary certifications. A Notary Public must see proof of identity in the form of a valid drivers license or passport for all transactions to ensure validity. An official journal of documents notarized must also be kept.
A title opinion is a letter, certificate, or other writing containing a report regarding title to real property and all encumbrances upon it, as of a certain date and time. A title opinion is not the same thing as title insurance.
1031 Tax Exchanges
Under Section 1031 of the Internal Revenue Service, the exchange of two assets of like kind, even if of different quality, that are used for a business or for investment purposes. Tax-free exchanges also apply if one sells an asset with the intention to use the proceeds to buy a similar asset.
In real estate, a title examination is done to ensure the validity of title. This is done before the sale of property to ensure that there are no title flaws throughout the chain of title.
Powers of Attorney
This is a written authorization to represent or act on another’s behalf in private affairs, business, or some other legal matter.
A donation is a legal document which transfers legal ownership from one party to another. In an active donation, a gift can be made and transferred from one person to another or from a person to an entity.
An insurance policy that protects a policy holder from future challenges to the title, which could result in loss of the property.