Title and Escrow Services GMAC Real Estate Northwest can help you learn about the importance and intricacies of Title and Escrow Services. Your Sales Associate can explain how it affects the home buying or selling transaction.  Your GMAC Real Estate Northwest Real Estate Agent can arrange for Title and Escrow Services on your behalf, or introduce you to respected Title and Escrow Companies or firms that serve communities all over Kootenai, Bonner, Benewah, Shoshone, Boundary and Spokane. Most real estate transactions involve a loan, and lenders require that title insurance be purchased for the amount of the loan. Lenders would be out of business very quickly if they were not assured of the priority of the lender's security interest over the other liens, claims or encumbrances on the property and that the property belonged to the person selling it. Title companies sell the lender's policy covering the amount of the loan and the owner's policy covering the amount of the sales price. When these policies are purchased concurrently during a sale they also sell "enhanced" policies covering items just as unrecorded easements, building permit violations, post policy forgery, map not consistent with legal description, or discriminatory covenants. These policies cost approximately 10% more than the standard owner's policies, but they are a very good investment. In every case, the goal of GMAC Real Estate Northwest is to ensure that your needs are fully met, with expert Title and Escrow Services for your Kootenai, Bonner, Benewah, Shoshone, Boundary and Spokane county property.