Meridian Title Corporation realizes that our main purpose is to serve the needs of
our customer and their clients. We strive to make your experience with us as seamless
as possible through our knowledgeable and friendly staff, our specialized services,
products and technology.
Please find below brief descriptions of the Products and Services available from
Meridian Title Corporation. We have described the most commonly used products; however,
if you are not seeing a product that applies to your current transaction, please
contact us to discuss how we might best serve the needs of your transaction. If
you would like to know more about Meridian Title Corporation please call us at 800.777.1574
or email at MTC@meridiantitle.com.
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Residential Purchase Title Order
This product is used for Purchase Transactions and will result in an Owners Title
Insurance Policy being issued in the amount of the purchase price. When financing
is involved, a Lenders Title Insurance Policy will also be provided for a fee and
will be issued in the amount being borrowed.
TBD Commitment
Set out in a commitment format, this product is utilized to show the status of the
real property without naming a purchaser or policy amount. This product can be converted
into a Commitment or Policy when purchaser and policy amount have been determined.
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Refinance and Lender Title Order
This product results in a Lenders/Mortgagees Title Insurance Policy, insuring the
Lender for the amount being borrowed, when the existing mortgage(s) is/are refinanced
or a new first mortgage is recorded. The policy, when issued, insures a first lien
position against the real estate.
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Home Equity Product or Second Mortgage
Utilizing a simplified, timely and cost effective approach to provide title insurance
policy or property information necessary to serve the needs of Home Equity Lending.
Meridian Title can provide you with a Junior Loan Policy (JLP) sometimes referred
to as a Limited Liability Policy (LLP) for loans with maximum coverage of $200,000.00
This product is designed to provide concise information in a brief format. The simplicity
of the product will allow you to expedite your closing.
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Search Report
Provides current ownership, tax information, liens and encumbrances of a specific property.
Search Documents Only
Upon completion of a search, provides only copies of instruments found in the public
record relating to a particular property based on specifications for length of search,
which may include the deed(s) of record, tax information, liens and encumbrances.
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Listing Package
The Listing Package Report (formerly called PTR)-TBD Commitment, will set out in
written format information found in searching the Records in the Clerk/Register
and in the Office of the Treasurer. It will show Property Address, Title Vesting,
Legal Description, Taxes, Mortgage(s), Restrictions and any miscellaneous items
found pertaining to a particular parcel of Real Property.
Listing Package Documents Only
Upon completion of a search, copies of instruments found in the public record relating
to a particular property are delivered to requesting customer, which may include
the last deed of record, any open mortgages or a tax printout.
Specific Document Needed
Requests for a specific document related to a property can be requested, such as
last good deed, CCR’s or tax printouts to assist in completion of Listing profile.
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Title Report Products
The most commonly requested custom search products include Search Reports, Certificates
of Title and Foreclosure Reports. The liability associated with these products is
limited to $1000.00. With the variety of resources Meridian Title Corporation has
available, we would be happy to discuss your particular title need to determine
what information we can provide to assist you.
Search Report
Provides current ownership, tax information, liens and encumbrances of a specific
property.
Certificate of Title
Provides current ownership, liens and encumbrances of a specific property. This product
is designed to provide concise information in a brief format with an expedited turn
time.
Foreclosure Report
Provides current ownership, tax information, liens, encumbrances, and copies of lien
holder instruments of a specific property to identify those parties who may need
to be joined in the foreclosure action.
Search (Documents Only)
Upon completion of a search, provides only copies of instruments found in the public
record relating to a particular property based on specifications for length of search,
which may include the deed(s) of record, tax information, liens and encumbrances.
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Title Production Services
Reviewing all recorded documents and court related matters affecting a specific parcel
of land to determine the present condition of title. Our experienced title examiners,
or when warranted, our legal staff will review and analyze all materials relating
to the search, and then determine the sufficiency and status of title for reporting
or for issuance of a title insurance policy.
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Closing and Settlement Services
Preparing calculations and documents necessary to consummate a closing, to include,
but not limited to, Settlement Statement, 1099 and Sales Disclosure Affidavit. Further,
the disbursing of closing funds and documents to appropriate parties in connection
with the issuance of a title insurance policy.
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New Construction Services
Ordering all documents required by the Contract to Purchase to prepare the Buyer
and Seller for closing, to include, but not limited to: title commitment, deed,
land contract, survey, mortgage payoffs, inspections, repair quotes, repair authorization
and lender real estate related requirements.
Includes the initial construction loan closing, the end/permanent loan closing, construction
draws disbursements and title updates for draws/disbursements.
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Commercial Services
Meridian Title Corporation, through its Commercial Transaction Services Division,
is pleased to offer services for commercial single-site, multi-site and multi-state
transactions. Some of these services include the following: coordinating 1031 exchanges,
performing escrow and settlement, and reviewing title, surveys and lien waivers.
The goal of our experienced title professionals is to provide comprehensive services
in order to make our customers’ job easier for their commercial transactions.
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B.Y.P.A.S.S. (Bringing Your Purchasers and Sellers to Settlement)
Your “Virtual Office”. The features of B.Y.P.A.S.S. powered by ResWare, a Transaction
Management System, have been designed with the customer in mind. Once an order is
placed online it allows our customers (“partners”) to have access to files when
it best suits them and gives them the ability to upload documents, request a closing,
enter a new order directly into our production software, as well as many other transaction
based features. From Contract to Purchase to Closing, documents required by the
Contract to Purchase to prepare Buyers and Sellers for closing will be viewable
and transmittable via B.Y.PA.S.S. to the customers and clients involved in a transaction.
These documents may include but are not limited to: title commitment, deed, land
contract, survey, mortgage payoffs, inspections, repair authorization, and lender
real estate related requirements.
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REO Services
- Lenders/Attorneys – Providing title reports to show current status of title and
those parties who may need to be acknowledged in determining available options as
part of a loss mitigation or pre-foreclosure process. We can also provide assistance
with short sales, Deed in Lieu transactions, and customization of our services to
fit lender/attorney needs.
- Asset Managers – Providing title services by identifying any title curative action
to occur prior to or in conjunction with the sale of the REO asset; coordinating/facilitating
the closing with all parties.
- 3rd Party portfolio investors (Hedge funds, Investment pools) – Providing services
regarding the deed in lieu process, short sales, and closings to assist with swift
disposal of assets.
- Real Estate Agents – Coordinating, facilitating the closing of and providing insurance
to the buyers of REO properties.
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RELO Services
When you or your employees need to relocate for a job transfer, let our escrow team
handle your Real Estate transaction. Our processors and closers have experience
facilitating Relocation closings for a variety of real estate entities and understand
the nuances associated with each unique situation. To be assured of professional
and smooth representation at the closing, choose Meridian Title Corporation’s relocation
services.
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Transaction Related Forms
Disclaimer: The forms provided by Meridian Title Corporation are for informational
purposes only and therefore should not be construed as offering legal advice. Changes
are made periodically to all laws and these changes may not be incorporated in the
materials provided. The forms are made available herein solely as a courtesy to
our customers and no representations are made to their legal sufficiency.
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Covenants, Conditions, and Restrictions (CCR's) Request
Due to circumstances beyond our control, CCR's in some locales may be unavailable.
Please provide information requested below CCR's will be emailed to the address included
in your request
DISCLAIMER For COVENANTS, CONDITIONS, AND RESTRICTIONS
Materials you receive are intended for general informational purposes only. The information
is subject to change and the information provided should serve as a guide only for
use in specific situations. The provider hereby disclaims any and all responsibility
or liability that may be asserted or claimed arising out of any reliance upon information
set forth in these materials.