Services We Offer
Title insurance policies are issued on sale and / or loan transactions. After a review of all recorded documents a determination is made on the present condition of the title to the property. Title insurance policies remain in effect until the loan is paid off or the property is sold. The American Land Title Association (ALTA) provides the standards for title insurance policies and what they cover. Kankakee Title writes their policies through Chicago Title Insurance Company, the largest insurer throughout the state of Illinois.
TRACT / LIEN SEARCHES
These types of searches are searches from the last deed of record on a particular piece of property to the present date. The search will include any liens or judgments along with the current tax information on the property. This type of search is not insured.
AGENCY CLOSING SERVICES
Professional closings on residential, commercial and agricultural transactions are conducted by an experienced staff. Closings can be CASH or with LENDER involvement. Closings are scheduled at the Kankakee County Title Company office.
CONSTRUCTION LOAN ESCROWS
Construction escrows are services used by lenders and owners to obtain construction disbursing services, mechanics lien waiver examination, and title insurance coverage. Construction escrow agreements are entered into to provide for the deposit and disbursement of funds used to pay the cost of new construction improvements to land. The agreement provides that the escrow trustee be prepared to furnish a construction loan title insurance policy with date down endorsements to the lender. Said policy and endorsements are to provide interim title insurance assuring the lender as to the validity, enforceability, and priority of its mortgage lien limited to the extent of the mortgage proceeds disbursed. Mechanics’ lien coverage is furnished by means of Chicago Title Insurance Company.