Since Fidelity National Financial, Inc. is a publicly traded business, its shareholders are its owners. William Foley II is the largest stakeholder of Fidelity National, owning around 10% of the company’s stock. State Street, BlackRock, and Vanguard Group are a few additional significant stockholders.
There are many things to take into account while assessing a title business. The reputation and expertise of the organization in the sector should be your first considerations. Consider the company’s customer service as well as the caliber of its goods and services. You should also consider the company’s financial health and its capacity to manage potential claims and other concerns.
A title company is in charge of conducting due diligence, confirming a property’s ownership, and making sure there are no liens or other claims against it. On the other hand, an escrow business is in charge of keeping money and paperwork associated with a real estate transaction until all requirements of the sale have been satisfied. Even though title and escrow services are sometimes offered by the same business, they serve two different purposes.
California does indeed have title companies. This indicates that all real estate transactions in the state must be covered by title insurance. The California Department of Insurance oversees the regulation of title firms in California.
You will have to give a copy of the purchase contract, the deed to the property, and any mortgage or lien papers that may already be on the property to the title company while working with them. A driver’s license and a credit report might also be required as proof of your identity and financial background.
In conclusion, Fidelity National is a well-known firm in the sector that is publicly traded. It’s crucial to take into account aspects like a title company’s reputation, customer satisfaction, and financial health while assessing it. Escrow and title services are distinct activities, and since California is a title company state, all real estate transactions must have title insurance. You must present a number of documents, including those pertaining to the property, your identity, and your financial background, while working with a title business.
A type of insurance coverage known as owner’s title insurance shields the property owner from any monetary loss or legal issues that may develop as a result of title issues or ownership claims on the property. In the event that a claim is made against the title, it will pay the owner’s legal bills and any financial damages.
Old Republic National Title Insurance Company, a division of Old Republic International Corporation, provides the underwriting for Old Republic Title.