Frequently Asked Questions

What is Counselors Title?

Counselors Title is a team of licensed real estate attorneys who specialize in real estate law throughout Washington, D.C.,. Maryland, and Virginia.

What is title insurance?

Title insurance is a form of insurance that protects property owners and lenders from financial losses due to defects in the property's title, such as unknown liens, ownership disputes, or other legal issues that may arise after the purchase.

What are closing costs?

Closing costs in a real estate transaction encompass loan origination fees, appraisal fees, title search and insurance, attorney fees, home inspection fees, escrow fees, recording fees, transfer taxes, homeowner's insurance, prepaid property taxes and insurance, HOA fees, and miscellaneous fees. These costs cover various aspects such as processing the loan, assessing property value, ensuring a clear title, legal representation, property inspection, transaction handling, recording the sale, taxes, insurance coverage, and other associated expenses. Closing costs can vary based on location, loan type, and specific agreements. To obtain an accurate estimate, consult with your lender or real estate agent for a breakdown tailored to your situation.