our services

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 Our closing teams are prepared to efficiently and promptly proceed with the steps necessary to complete your transaction upon receipt of a Contract for Sale or an order for a refinance transaction.  In a sales transaction, our closers will review the contract to determine matters such as whether the buyer has requested a title opinion or title insurance, the type of survey required, if any, the responsibilities of the parties for the payment of various fees, and any special contract provision and then proceed based upon the party that they represent in the transaction.  Our closers are trained to accurately prepare the Settlement Statement prior to closing based upon the duties and responsibilities of the parties as set forth in the Contract.   With nationwide threats of wire fraud and email hacking, we treat the security of your information and funds very seriously.  Our emails and software are secure and encrypted for your protection. 

   Title insurance provides protection against title defects existing at the time that real property is acquired and stays in effect until the real property is transferred to a third party.  Title defects may include, but are not limited to, claims of ownership by individuals other than the current seller, defective conveyances, lack of legal access, unreleased mortgages, improperly assigned mortgages, unreleased tax, judgment or mechanic’s and materialmen’s liens, defective legal proceedings, and non-compliance with statutory requirements.  In Oklahoma, every commitment for title insurance is required to be based upon the examination of either an abstract certified from state sovereignty or a prior owner’s title insurance policy and a supplemental abstract by a licensed attorney.  The title commitment is the contract between the buyer and the insurer for title insurance and sets out the requirements that must be met prior to the title company issuing the title policy and the matters that will not be covered by the policy, the exceptions.  The requirements will include curing any existing title defects identified by the attorney along with basic requirements such as the recording of a conveyance from the seller to the buyer.  Your real estate purchase may be one of the most significant investments that you make during your lifetime, so protect it with title insurance.   

 Community  Title  Services  offers  title  policies  through  Old  Republic  National  Title  Insurance  Company,  Fidelity  National  Title  Insurance  Company,  Stewart  Title  Guaranty  Company,  Chicago  Title  Insurance  Company,  and  Commonwealth  Land  Title  Insurance  Company.  Our  ability  to  underwrite  under  multiple  reputable  national  title  insurers  is  a  significant  benefit.  In  the  event  that  a  title  defect  is  discovered,  we  may  be  able  to  work  with  the  underwriter  for  the  seller’s  existing  owner’s  policy  in  order to develop a solution to allow the transaction to move forward towards closing with less delay.  

 Oklahoma Title & Escrow Company (OTEC) is a qualified intermediary for Section 1031 exchanges under the Internal Revenue Code.  In simple terms, a 1031 exchange allows a real estate investor to defer the recognition of a capital gain or loss upon the sale of an investment property by exchanging the sold investment property with a “like-kind” replacement property and thereby deferring the recognition of the capital gain or loss until the replacement property is sold.  As a qualified intermediary, OTEC holds the proceeds from the 1031 exchanger’s sale, completes the necessary documentation identifying the replacement property, and transfers the held funds upon the closing of the purchase transaction for the replacement property.