Tek Title, LLC, one of Illinois’ largest independent title agencies, underwritten by First American Title Insurance Company and Fidelity National Title Insurance Company, provides residential and commercial title insurance services for the entire State of Illinois.
With its main office in Chicago, Illinois, Tek Title, LLC specializes in utilizing efficient underwriting standards, combined with high-quality closing services, to make your experience with Tek Title, LLC, without equal.
With an experienced and highly skilled staff, our company motto “There is No Substitute for Experience” is practiced every day, bringing our customers a personal, professional and responsive style of service, unique to the title insurance industry.
Providing Closing, Title Settlement and Escrow services in Chicago, Cook County and Illinois. Tek Title, a premier Title company.
We look forward to exceeding all of your expectations.
At Tek Title, LLC, we understand what it takes to close transactions. Our main focus is to make sure that the title process is as smooth as possible for you- our valued client.
First, we will issue a prompt title commitment and invoice. We are available by phone or by email to address any issues that may arise after the title commitment is issued. We will work with you to clear any and all title exceptions. We will also provide all necessary documentation to get your loan to the closing table.
Once your loan is set to close, our experienced staff will do everything in our power to get your loan to the closing table on time. We will contact you if problems arise and will work with you to tackle any and all issues.
At closing, we like to pride ourselves on making title settlements happen as smoothly and quickly as possible. Our closers will explain all documentation so that the borrower understands what is being presented. If there are any questions or problems that our closers can’t solve, they make sure that the customers are in touch with their loan officer or the loan processor. Additionally, all borrowers will be given copies of the documents being presented and contact information if questions may arise post-closing.
After the closing takes place, we will make sure that your loan disburses on funding day followed by the recording of documents and the issuance of a final title policy.
At Tek Title, LLC, your loan is our number one priority!
Tek Title offers in-home closings for those people who either live too far away from our office or whose work schedule will not permit coming to the office during business hours. We provide the same level of service in your borrower’s home and hope to make it as convenient for them as possible.
Our mobile closers have the experience, the flexibility, and the ability to make your loan closing go smoothly. They will travel all over the State of Illinois to make sure that your loan settles on the day it is scheduled.
I have worked with Tek Title over the past 10-years and know I can count on them to complete Title orders, closings, and availability for my clients. Going above and beyond expectations is crucial in their Business, and quick turn times on orders is also a definite plus! Their knowledge and experience in the Industry set’s them apart from other Title companies, and keeps me sending them my Business!
Tek Title is the best title company I’ve ever worked with! I have been a mortgage processor for about 15 years and Tek is the best! They are small enough to offer personal service, but they cover the whole area we do business in. They are very accommodating with scheduling and never complain or get upset when I make errors in what I send them. I can’t say enough good things about Tek.
My name is Steven Dykeman and I am a top producing mortgage originator at Perl Mortgage and I oversee a team of loan officers at Perl as well. Prior to Perl Mortgage, I owned a successful mortgage company in Chicago for seven years. I have utilized Tek Title for all of my title needs for the past four years and they have been superb in all aspects. Tek is thorough, timely; offers all the title services I require, flexible and most importantly very professional with my clients. I highly recommend them for all of your title needs.
Working with Tek Title has been a great experience. They are always available and willing to due whatever it takes to make the transaction work smoothly for everyone. They are a pleasure to work with.
I have worked with Tek Title for a few years now and I get nothing but professional and courteous service. The costs are always very competitive and the responsiveness has been above expected. I would recommend Tek Title for title services to all.
Refinance for my 2 condos has been finished on time. Ramon came exactly on time at 7 PM. He was very informative and explained me in detail. Very nice person. I am really happy and satisfied with closing experience with your company. Thanks again.
Thanks to you both for helping make the closing go through tonight. Ron was very thorough and helpful as we went through the paperwork this evening. Thank you for sending him to us. We will definitely be referring TekTitle to our friends on future title, and can’t wait to use you again ourselves.
I am very satisfied with services provided by Tek Title, LLC. Closing on the sale of my condo went smoothly, with no errors or surprises. Sam Einhorn was always very responsive to my requests for information and price quotes, both by phone and email. His services were considerably less costly than other lawyers. And he was able to explain the intricacies of my Chicago real estate transaction. I found Tek Title over the internet, and was cautious about trusting my closing to them. But their references were solid with Better Business Bureau and First American Title. I would recommend Tek Title, LLC to friends and family.
Frequently Asked Questions
Title Settlements costs can vary depending on the amount of research necessary to pass clear title, but there are common costs to all settlements, including Title Search, Title Exam, Title Binder, Settlement Fee, Title Insurance and any other variables. For a quote of our services, please contact us. We will be happy to prepare a FREE quote for you.
Owners Rights to Property
If you are purchasing a condominium, a home or any other type of building, or even vacant land, you must have a complete Title Search made on the property. Because real estate has such great value, there are many special laws which have been enacted for its protection. As a result, the owner of land has exceedingly strong rights, as do his family and heirs.
Liens on Property
There may be others who have rights in the property – Banks and lenders who have secured the property with outstanding mortgages, local city or county governments who are due unpaid property taxes, and even contractors who have lien claims to whom the owner owes money for work that was completed and not paid. The property may be sold without their knowledge, but the claim is still good until satisfied.
If there are problems found after a thorough title search which stand in the way of a clear title, it is up to the owners and their attorneys to clear them up before settlement. Although a title search is based on public record, it may not show everything which could affect the title to the property. Below are some of the hidden risks or clerical mistakes which could seriously endanger the title.
Marital Status of Owner Incorrectly Given – An owner may claim that he or she is single or divorced in another state, resulting in a claim by a spouse or former spouse.
Undisclosed Heirs – If an owner dies without a will, the courts must decide who the rightful heirs are. But such a decision may not be final or binding on any heir who was not notified of the proceeding. Even under a will, the court may have to settle questions or interpretation of the will as to heirs overlooked due to incorrect probate proceedings.
Mental Incompetence or Minors – A transfer of a property by a minor or a person adjudged to be mentally incompetent raises special problems. To be valid and binding on a minor or incompetent, the transaction must be made by guardians or appointed by the court. If a Deed or release was executed by a person who was a minor or under mental disability at the time, the transaction may be voidable or invalid.
Fraud and Forgery – The owner may have been fraudulently impersonated. Deeds, releases or other documents may be forgeries.
Defective Deeds – A Deed may have been delivered without consent of the owners or after his or her death. A document may have executed by a Power of Attorney that has expired, or an officer of a corporation may not have been properly empowered to act as signer of the Deed.
Confusion due to Similar or Identical Names – Despite a careful investigation to prevent it, some confusion of identity is possible, especially where names are similar. For instance, there are many common names such as Jones, Johnson, Smith or Williams. Also, two members of the same family might have the same name, as in the case of father and son, and the title may be in one while the Deed is executed by the other having no title.
Errors in Records of Clerical Work – A document may be missed in searching, or may be misindexed in the Land Records. Clerical mistakes are infrequent, but they do happen.
Title Insurance Protects Against these Risks
You are protected against these risks and insured against loss. If your title is ever questioned or disputed, the title insurance company stands ready to defend it in two ways:
- If it is necessary to enter a legal defense of your rights under the policy in any lawsuit or proceeding adversely affecting the title as insured, the title insurance company employs legal counsel to take such action for you, completely at their expense.
- If a loss is sustained, you are protected up to the full amount of your policy, which is usually equal to the full purchase price you paid for the property.
Lenders Title Insurance Is Not Enough
A lender who has a large security interest in the property requires that you, the borrower/buyer purchase a title policy to assure the lender that the mortgage is a valid first lien, and that the lender can be certain about the title in the event of foreclosure. However, this policy does not benefit the owner in the event of a claim.
Location Surveys are necessary on all financed purchases. The Title Company must order the survey through a licensed Surveyor in advance of the settlement to make sure there are no discrepancies or structures on the property which appear to encroach over building restriction lines, property lines, or drainage and utility easements. Boundary surveys are much more involved, more time consuming and much more expensive. They are not required by banks unless the property is being rezoned or subdivided, or there’s a boundary problem.
If you are refinancing a loan and have a prior location survey, and have not changed anything or added any improvements, then the old survey is sufficient as long as you sign an affidavit at closing. Even if you can’t find your survey, we can still insure the title to the lender if you sign the affidavit. However, some lenders may require that you have a new survey. In that case, we will contact you about ordering one.
Generally, we like to allow at least one week for the examiner to perform the search, submit a report, examine it and review it for liens and judgments. The more time we have to prepare, the faster we can resolve problems and perform the settlement.
However, there are times when you are in a RUSH. Please let us know, and we will do our best to get the title work done in a day or two.
Chain of Title – A history of ownership, usually starting 60 years back and going forward to the present owner. We’re determining who bought and sold the property over the years and if there are any open liens, such as Mortgages, Deeds of Trust, etc.
Tax Search – To determine the present status of real estate taxes. A Lien Certificate from the County of City will reveal whether any taxes are open and due from previous years.
Judgment and Name Search – To determine if there are any unsatisfied judgments, federal or state income tax liens, mechanics liens, etc. against the seller or prior owners over the last 12 years.
f you’ve decided to purchase a home and hope to take possession as soon as possible, and all financial arrangements have been met, there is one important detail remaining before the transaction can be closed, A TITLE SEARCH MUST BE MADE.
A Title Search is the process of determining from the public records what rights there are to the property, and who owns them. A title search is a means of determining that the person selling the property has the right to sell it and that the buyer is getting all the rights to the property that he or she is paying for.
Tek Title, LLC
217 N Jefferson St., Ste. 601
Chicago, IL 60661
General Inquiries: Info@TekTitleLLC.com
Sales Department: Sales@TekTitleLLC.com
Orders Department: Orders@TekTitleLLC.com
Title Department: Title@TekTitleLLC.com
Scheduling Department: Scheduling@TekTitleLLC.com
Closing Department: Closing@TekTitleLLC.com
Policy Department: Policy@TekTitleLLC.com