At Arrow State Title, we believe an informed client is a confident one. Below are answers to some of the most common questions about title insurance and the closing process.

Title insurance protects property buyers and lenders from financial loss caused by defects or disputes in the title of a property. It ensures the title is legally clear, meaning there are no outstanding liens, ownership claims, or hidden legal issues that could affect your rights to the property.

Title insurance is essential because it:

• Buyers protect their ownership rights

• Lenders require it to safeguard their investment
• Sellers may provide it to help ensure a clean, smooth transaction

Before issuing a policy, the title company conducts a detailed title search of public records to uncover any potential issues. If a covered title issue arises after closing, the policy pays for legal defense and financial loss related to the defect—up to the policy amount.

Title insurance is typically purchased during the closing process—after the purchase agreement is signed and before the transaction is finalized.

There are two primary types of title insurance:

• Owner’s Policy: Protects the buyer’s interest in the property.
• Lender’s Policy: Protects the lender’s investment in the property. Most lenders require this as a condition of the mortgage.

Title insurance does not cover:

• Issues arising after the purchase date (e.g., new liens)
• Governmental regulations like zoning restrictions
• Environmental risks or property condition

Title insurance in Oklahoma is typically a one-time fee paid at closing, based on the property’s purchase price and loan amount. Rates are regulated, but may vary slightly by provider. Contact Arrow State Title for a personalized quote.

You can obtain title insurance through any licensed title company in Oklahoma. At Arrow State Title, we provide comprehensive title services with competitive rates and exceptional service to ensure a worry-free closing experience.

Closing is the final step in the real estate transaction. During closing, all required documents are signed, funds are distributed, and ownership is legally transferred. Your title company coordinates with all parties to ensure a smooth, timely, and legally sound closing.

Watch our featured video from Freddie Mac below to learn more about what to expect during the closing process.