We Offer:
- Title Insurance
- Exchanges
- Escrows
Last Updated: Nov 21, 2024
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Title Insurance
Protecting your Home Investment
A home is usually the largest single investment any of us will ever make. When you purchase a home, you will purchase several types of insurance coverage to protect your home and personal property. Homeowner's insurance protects against loss from fire, theft, or wind damage. Flood insurance protects against rising water. And a unique coverage known as title insurance protects against hidden title hazards that may threaten your financial investment in your home.
Exchanges
Section 1031 exchanges -
In addition to handling your traditional escrow transactions, Pennington Title Company is also equipped to work with you on any of your IRC Section §1031 Exchange needs. An IRC §1031 Tax-Deferred Exchange represents a legal, strategic method for acquiring or selling qualified property in exchange for "Like-Kind" properties within a specific time frame to defer capital gains taxes.
To calculate your TAX SAVINGS, please use our CAPITAL GAINS CALCULATOR.
Escrows
Buying or selling real estate usually involves the transfer of large sums of money. It is imperative that a neutral third party, such as Pennington Title Company, handles the transfer of funds and related documents from one party to another. It is essential that all conditions of the sale are met before the property and money change hands. The Escrow Holder impartially carries out the written instructions given by the principals (buyer, seller and lender). This includes receiving funds and documents necessary to comply with those instructions, completing or obtaining required forms, and handling final delivery of all items to the proper parties upon the successful completion of the escrow
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