title is a collective term for all your
legal rights to own, use and dispose of
land. Title includes all previous
ownership, uses and transfers. In order
to insure the transfer of real estate
property, a title search must be
performed. Title insurance protects
against the possibility of future loss
should your legal rights to your
property be challenged.
There are two types of title insurance:
a lender’s policy and an owner’s policy.
The lender’s policy protects the
lender’s interest in the property for
the amount of the mortgage loan. An
owner’s policy typically protects the
home-buyer for the purchase price. While
a lender’s policy is often required to
grant a mortgage loan, an owner’s policy
is typically optional.
Escrow is a system
of document transfers in which a deed,
bond or funds are delivered to a third
person to hold until all conditions in
the contract are fulfilled. In other
words, Escrow provides one central place
where all funds & documents may be
What Is An Escrow Agent?
The Escrow Agent is a neutral third
party acting on behalf of the buyer and
seller. Their primary purpose is to
close the transaction according to the
Parties’ instructions. Usually this
involves clearing Title, acting as an
intermediary between various interested
parties, preparing documents, disbursing
funds, recording the deed and security
documents, paying off existing liens or
mortgages and the proration of real
property taxes to ensure an accurate and
An abstract of title is a written
history of all the recorded documents
and proceedings related to a specific
property. Abstracts are usually
conducted when real estate is being
transferred between different parties
and may include title searches for:
In addition to property transfers,
abstracts can also be used to help a
current owner refinance an existing
mortgage or secure a second one. The end
goal of abstracts is to provide the
owner and lender with the security that
the property is a sound investment.
Welcome to Land Exchange Abstract & Title Co.. We are locally owned and operated providing
both commercial and residential services to buyers, sellers,
realtors, mortgage lenders and builders in Texas.
Currently there are two Texas locations with offices in Copperas Cove and Killeen serving the counties of Bell, Coryell and Lampasas.
We are a fully licensed title insurance agency and are committed to a positive environment that recognizes our employees and customers as our greatest asset.
Whether you're a lender, realtor, builder, developer, buyer or seller, you can expect the most timely and professional service possible.
3201 E. Stan Schlueter Loop
Killeen, Texas 76542 Phone (254)
634-2227 Fax (254) 634-4447
COPPERAS COVE Office
401 South Main
Copperas Cove, Texas 76522 Phone (254)
547-7048 Fax (254) 547-6444