Information for Buyers and Sellers
What is a title?
A title is a legal document that identifies the owner of a property.
What is an abstract?
An abstract is a listing in chronological order of all documents that appear in the public records that affect the property being searched for a specific period of time.
What is title insurance?
Title insurance is protection against financial loss caused by problems
connected to the title to your property. It is designed to protect an
owner's or a lender's financial interest in real property against loss
due to title defects, liens or other problems. It will defend you against
a lawsuit attacking the title, or reimburse you for the actual monetary
loss incurred, up to the dollar amount of insurance provided by the
policy. Without title insurance, real estate buyers are solely responsible
for determining the validity of the seller's title to a property. If
the title proves to be fraudulent or invalid, the buyer would lose the
investment in the property.
Does my lender's title insurance policy protect
me?
No. It only insures that the lender has a valid, enforceable lien on
your property. It doesn't protect you from title defects.
How long will my title insurance coverage last?
With title insurance, you pay only one premium at the time of your property
purchase. The title insurance policy will protect your title to the
property as long as you or your heirs own it.
Closing is when the actual transfer of ownership of property takes place.
The seller signs over the deed to transfer ownership to the buyer. Lender's
documents are also signed at the closing.
Buyers:
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valid drivers license
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Cashier's check or wired funds for the amount needed to close
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Receipt and insurance binder from your homeowner's insurance agent
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Any other documents your loan officer or title company asks you to bring
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All Buyers and their spouses must be present for closing unless other arrangements have been made with your closing agent prior to closing.
Sellers:
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valid drivers license
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Invoices for unpaid bills associated with the property (repairs, utility bills, etc.)
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including invoices that will be paid at closing
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Items to be transferred to buyers, including keys, garage door openers, instruction manuals, association payment coupons, etc.
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All Sellers and their spouses must be present at closing unless other arrangements have been made with your closing agent prior to closing.
Fees are negotiated as part of your purchase agreement.
Main Site (non-mobile)
Kincy Abstract & Sabine Title Company
Main Office
6417 Wesley Street
Greenville, Texas 75402
903-450-1116
903-455-8258
Fax: 903-450-1119
orders@kincy-sabine.com
Royse City Fee Office
422 E. Interstate 30, Suite F
Royse City, Texas 75189
469-965-4500
Fax: 469-965-4550
btaylor@kincy-sabine.com
McKinney Fee Office
1400 N. Coit Road, Suite 406
McKinney, Texas 75071
972-525-5872
Fax: 903-454-1514
Hours:
8:30 a.m. – 5:00 p.m.
Monday - Friday