Title Insurance & Settlement Services for Pennsylvania
Making final settlement is more than signing all the paperwork. It’s making the best decisions to protect you, your family, and your rightful ownership of your home. Elite Abstract will manage your final settlement and walk you through all the important milestones and decisions you’ll need to make.
Title Insurance is Your Assurance
If you are borrowing money to purchase residential or commercial real estate, or if you’re refinancing an existing mortgage loan, your lender will require that you purchase a Lender Policy to protect their interests. Although an Owner Policy is not mandatory, it is highly recommended to protect the owner’s rights – and guard against expensive legal problems – should your legal ownership be contested.
How much does Title Insurance cost?
The cost of your title insurance is controlled by state law and will depend on the purchase price of the property and the mortgage loan amount. Additional fees will apply for any endorsements the lender may require, along with nominal title processing fees. To estimate the cost of your title insurance, try our instant title calculator.
What is Title Insurance?
Title Insurance is about assurance. Title Insurance is a one-time payment paid by the buyer based on the mortgage or refinance amount, and is paid at settlement as part of closing costs. This insurance policy protects the Lender, and Owner if a separate Owner’s policy is purchased, from future claims that may involve the property. With title insurance, the lender (and buyer if an Owner’s policy is purchased) will not be responsible for any legal fees associated with defending any claims, which may include the previous owners’ unpaid mortgage, back taxes, boundary line disputes or garnished wages.
We'll handle all the necessary steps to legally transfer ownership to you:
- Perform Title Search
- Clear Title Defects
- Issue Title Insurance policies
- Hold monies in escrow
- Prepare and review your settlement sheets
- Record Mortgage & Deed with local municipalities
Elite Abstract is an official agent for Old Republic National Title, Chicago Title, and Fidelity National Title Group. As members of ALTA, the American Land Title Association, we follow all ALTA guidelines for best practices for title insurance companies. 
