Frequently Asked Questions

Q. Are you insured?

A. Acquest Title Services is licensed, bonded and insured to conduct real estate settlements in the State of Maryland. Your complete protection is assured.

Q. What services do you provide?

A. Acquest Title Services provides complete real estate settlements. Check our rates page for a list of services and prices.

Q. What is the settlement agent's responsibility to the buyer?

A. The settlement agent is required to prepare and explain the closing disclosures and HUD-1 settlement statement, deed and loan documents; collect and disburse "good" funds; pay vendors; secure releases of mortgages and liens; and to properly record the deed and/or loan documents.

Q. What is the settlement agent's responsibility to the seller?

A. The settlement agent will distribute the proceeds from the transaction and secure all releases.

Q. What title insurance underwriters are you affiliated with?

A. Acquest Title Services is an agent for Old Republic National Title Insurance Company.

Q. What is title?

A. Title is the legal ownership and right to possession of land.

Q. What is title insurance?

A. Title insurance protects the legal owner's rights if a question of ownership/marketable title should arise. The insurer pays all legal expenses to defend you against problems such as mistakes in the recording of legal documents, forgery, fraud, undisclosed heirs, and deeds that were executed by unauthorized persons, including minors, persons of unsound mind and persons in possession of an expired or invalid power of attorney.

Q. How long am I protected?

A. The lender is protected for the life of the mortgage. The owner is protected for as long as they or theirs retain an interest in the property. Heirs receive the exact same protection as the original owner.

Q. What is a title search?

A. The agent searches all available public records to verify that the seller has the right to sell the property without any encumbrances.