Refinance

Banks often loan money out to finance a real estate purchase, property improvements, or home equity lines of credit. In exchange for the loan, the bank often charges the property owner an exorbitant amount of interest and requires a signature on a mortgage. Should the owner fail to repay the loan, the bank may foreclose on the mortgage and take ownership over the property. On occasion, the bank may allow the homeowner to refinance their mortgage. In this process, a title company like River City Title becomes involved.

A bank will often hire a title company to research any and all information on the title of property. The lender wants some form of assurance that the applicant of the loan is the legal owner of the piece of real estate. Any issues with the title will also become evident during this research process. River City Title handles such research for banks and even individuals who require such information.