Celebrating 25 Years in Business
Leave the Closings to Us
Efficient and reliable title services for real estate professionals.
Celebrating 25 Years in Business
Efficient and reliable title services for real estate professionals.
Oxford has the qualifications to provide prompt, efficient and quality title insurance services:
Experienced staff with the expertise to answer any questions that may arise, including the complex title questions.
Oxford's staff includes its owner and licensed attorney:
Albert P. Caruso, Esq. graduated from the University of Pittsburgh School of Law in 1992 and shortly thereafter admitted to the Pennsylvania Bar. Attorney Caruso is the licensed title agent, an owner and the operating manager of Oxford Settlement Services, handling closing, funding and post closing issues, and has been personally involved in thousands of real estate settlements. Attorney Caruso has been a licensed title agent since 1999 and also has legal experience in vast areas of the law since being a licensed in 1992.
Attorney Caruso attends Continuing Legal Education seminars, many of which have an emphasis on title and real estate issues. Attorney Caruso is a licensed title insurance agent with the Pennsylvania Department of Insurance and attends seminars to ensure that he is up to date on developments in the title industry. In addition to the experienced attorney above, Oxford Settlement Services has an exceptional staff who are well-trained to deal with a variety of title issues.
Conducting Settlements, Clearing Title Exceptions, and Processing Title
Oxford Settlement Services has been conducting business since 2000. During that period of time, Oxford Settlement Services has handled thousands of real estate closings and Attorney Caruso closes nearly all of the transactions personally. Prior to the incorporation of Oxford Settlement Services Co., Attorney Caruso conducted closings as an approved attorney since being admitted in 1992. During that time, Oxford has developed an extensive network of lender, realtor and developer relationships, in addition to ancillary real estate related areas such as appraisers, surveyors, home inspectors, insurance agents and mobile notary closers. Such contacts enable Oxford to provide their clients with a full range of services.
Should the need arise, Oxford’s competent legal staff are equipped to appear and testify in court regarding their area of expertise and the performance of their duties and responsibilities in conjunction with real estate transactions.
Our employees are prompt and professional, and exude proficiency in their duties and responsibilities. Attorney Caruso oversees and is personally involved in all underwriting and management matters. In the event that your transaction requires extraordinary attention that necessitates additional staff, Oxford has the resources to, and will, immediately employ additional highly-qualified personnel only.
Oxford Settlement Services has more than 2,200 square feet of modern and spacious office space, located in The Waterfront retail/office development in Homestead, PA, along The Greater Allegheny Passage, and just a few miles from Downtown Pittsburgh. Our office features a large work area and a beautiful view of the Monongahela River and its attractions, and is available for conducting your transaction. Our large conference room can accommodate closings of any reasonable size, and additional space can be made available to suit your needs. Oxford Settlement Services has also conducted thousands of real estate settlements throughout the Commonwealth of Pennsylvania and can easily accommodate requests therefor.
You can trust in the financial stability afforded to your transactions by Oxford Settlement Services’ Errors and Omissions Insurance Policy, as well as our properly funded business, which can handle any reasonable contingency which may occur.
Owning real estate is one of the most precious values of freedom in this country. You want the assurance that the property you are buying will be yours. Other than your mortgage holder, no one else should have any claims or restrictions against your home.
Title insurance is issued after a careful examination of the public records. But even the most thorough search cannot absolutely assure that no title faults are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be disclosed in a search. Title insurance eliminates any risks and losses caused by faults in title from an event that occurred before you owned the property.
Title insurance is different from other types of insurance in that it protects you, the insured, from a loss that may occur from matters or faults from the past. Other types of insurance such as auto, life, or health cover you against losses that may occur in the future. Title insurance does not protect against any future faults, but does protect you from risks or undiscovered interests. Another difference is that you pay a one-time premium for a policy that remains effective until the property is sold to a new owner - even if that doesn't occur for decades.
A lender's policy, also known as a loan policy or a mortgage policy, protects the lender against loss due to unknown title defects. It also protects the lender's interest from certain matters which may exist, but may not be known at the time of the sale.
This policy only protects the lender's interest. It does not protect the purchaser. That is why a real estate purchaser needs an owner's policy.
An owner's policy protects you, the purchaser, against a loss that may occur from a fault in the ownership or interest you have in the property. You should protect the equity in your new home with a title policy.
Protection from financial loss due to demands that may be charged against the title to your home, up to the cost of the title policy.
Payment of legal costs if the title insurer has to defend your title against a covered claim.
Payment of successful claims against the title to your home covered by the policy, up to the cost of the policy.
Any purchaser will need evidence that his investment in your property is free of title defects. The title insurance policy that you provide the purchaser is a guarantee that you are selling a clear title to your real estate, unencumbered by any legal attachments that might limit or jeopardize ownership. It will reassure your purchaser that he or she is protected from any risks or losses and could help you close your deal.
Without title insurance, you may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title. As a result, you may be held fully accountable for any prior liens, judgments or claims brought against your new property. If this should occur, your title policy insures that you will be defended at no cost against all covered claims up to the amount of the policy.
The insurance commission approves and controls the premiums for title insurance policies. The premiums are paid only once and the cost depends upon the purchase price of the property and the policy amount must be equal to the purchase price.
285 East Waterfront Drive, Suite 160, Homestead, Pennsylvania 15120, United States
Phone: (412) 391-2330 Fax: (412) 391-2377
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Questions? Call: (412) 391-2330
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