1031 EXCHANGE
A 1031 Exchange allows property owners and investors to defer capital gains taxes by reinvesting the proceeds from a property sale into another qualifying property. During the process, the funds are held by a Qualified Intermediary (Q.I.), ensuring the seller does not directly receive the money and the exchange remains valid.
By reinvesting instead of cashing out, investors can preserve more capital, continue growing their real estate portfolio, and benefit from long-term financial advantages such as wealth accumulation and potential estate planning benefits. However, strict timelines apply for identifying and completing the purchase of the replacement property.
TITLE INSURANCE
Title insurance ensures the property has a clear title and protects buyers from issues like liens, unreleased mortgages, document errors, or undisclosed heirs. If a problem arises, it provides legal and financial protection. Century Title & Escrow Agency, Inc. also supports law firms with title searches, deeds, and closing services. Starting the title process early helps identify and resolve issues before closing.
BUILDERS & DEVELOPERS
Century Title & Escrow Inc. supports builders and developers with reliable title and closing services from land acquisition to final property conveyance.
Services include land acquisition support, project mapping, and subdivision closings. Filing a Notice of Completion after construction helps prevent delays in final loan closing. Our team ensures smooth coordination and accurate documentation throughout the development process.
CLOSING DISCLOSURE
The Closing Disclosure is a document that outlines the final terms, costs, and fees of your loan, replacing the older HUD-1 Settlement Statement. Introduced by the Consumer Financial Protection Bureau, it improves transparency by clearly listing loan charges, taxes, recording fees, prepaid costs, and escrow payments. Borrowers receive the document at least three days before closing to review the details and compare them with the original Loan Estimate. Century Title & Escrow Agency also provides Closing Disclosure preparation services to lenders when requested.
RESIDENTIAL & COMMERCIAL LENDING
Century Title & Escrow, Inc. provides reliable support for both residential and commercial lending. Our team manages various residential loans, including conventional, VA, and FHA, while ensuring compliance and proper documentation. We also assist with commercial loan closings, title review, and SBA loan support to ensure smooth and secure transactions. For buyers, maintaining a strong credit profile is important. Paying bills on time and keeping a debt-to-income ratio around 36% or lower can help
improve loan approval chances.
DEED TRANSFERS & REAL ESTATE DOCUMENTATION
Century Title & Escrow Inc. provides document preparation for residential and commercial property transfers across Tennessee and Georgia. Our services include transfer tax guidance, title searches, and chain of title review to verify ownership and identify liens or restrictions. A deed is a legal document used to transfer property ownership. A Warranty Deed offers ownership protection, while a Quitclaim Deed transfers ownership interest without guarantees. Deeds may also include rights of survivorship, allowing ownership to automatically transfer to the remaining owner if one owner passes away.