Watching the ball drop on New Year’s Eve can be fun and exciting. But watching someone drop the ball on a real estate transaction is no fun at all.
What happens when the title company drops the ball and problems arise with your transaction? Get ready for a jaw-dropping surprise.
In Texas, the title company is not a party to the residential real estate contract. The buyers and sellers are the parties to the contract. While the title company is mentioned in the contract, their actions are made on behalf of the buyer or seller.
Let’s take a look at a few instances where the title company may drop the ball and examine the potential consequences.