In this episode of Behind the Deal: Escrow Unlocked, Sherry Sellers, a seasoned Escrow Officer with nearly 40 years of experience in the title industry, breaks down the importance of the Preliminary Title Report (also known as the Title Commitment). Whether you’re a seasoned Realtor or new to the industry, Sherry provides invaluable insights into what this document is, why it matters, and how it protects your clients’ investments.

From understanding property ownership to identifying liens and easements, Sherry simplifies the complexities of the Preliminary Title Report, empowering you with the knowledge to guide your clients with confidence.

What is the Preliminary Title Report (PR)?

• A detailed preview of the property’s title history and current status.
• Serves as a roadmap to identify potential issues before closing.

Key Sections of the PR:

• Legal Description: Defines property boundaries and ensures accuracy.
• Liens and Encumbrances: Identifies debts, claims, and unpaid taxes tied to the property.
• Easements: Highlights rights-of-use by others, such as utility companies or shared driveways.

Why the PR is Essential:

• Protects buyers from unexpected debts, ownership disputes, or property restrictions.
• Ensures transparency for informed decision-making before closing.

How to Help Your Clients:

• Tips for reviewing the PR carefully.
• Common buyer questions and how to address them.
• The importance of early communication to resolve potential issues and keep the closing process on track.

The Preliminary Title Report is more than just a document—it’s a critical tool for protecting investments. Sherry encourages Realtors to help their clients review it carefully, ask questions about any unclear items, and work closely with the escrow officer and title company to resolve red flags early.

Resources Mentioned:

• Phone: 801-266-0606
• Website: Sherry Sellers - Title One

Tune in to learn from Sherry’s expertise and gain the tools you need to ensure a smooth and informed closing for your clients!

The Preliminary Title Report is more than just a document—it’s a critical tool for protecting investments. Sherry encourages Realtors to help their clients review it carefully, ask questions about any unclear items, and work closely with the escrow officer and title company to resolve red flags early.

Resources Mentioned:

Phone: 801-266-0606

Website: Sherry Sellers - Title One