Title Commitment

Title Commitment

The title commitment is issued by the title company as a commitment or promise to issue a title policy to the buyer or lender after the closing provided that the requirements of the commitment are met.  The commitment is issued prior to closing whereas the formal title policy is issued after closing.  The commitment sets forth information pertaining to the property owner(s), the legal description, and matters revealed by the public record that affect the property. The commitment will also show a Requirements section setting forth items that must be addressed or documents that must be provided prior to issuing the final title policy.