Redwood Abstract, located in the heart of Smithtown has been providing title services to all of New York State since 2008. Our staff and the technology we use are what set us apart from other title agencies. With a small team of three dedicated, hardworking people, we are able to organize, communicate and provide a more personalized experience for our clients.
We pride ourselves on loyalty, integrity and efficiency. Our Mission is to provide our clients with quick, personalized service to ensure a smooth process from beginning to end. We value and appreciate all of our clients and referral sources and we are excited to continue expanding our network.
Mike Braun, founder and President, has been in the title industry for over 20 years. Mike grew up in East Islip and now lives with his family in Smithtown.
Mike Graduated from SUNY Binghamton and sat for many years on the Advisory Board to the Stony Brook Children's Hospital. Through Redwood Abstract he continues to support local charities.
A title is a right to ownership of specific real estate property. Included is the right of possession, right of exclusion, right of control, the right of enjoyment, and right of disposition. Titles can change hands through a will, court decree, law, or by selling the property. Any time a title is transferred it is recorded in a deed and filed with county clerks.
Title companies conduct "title searches" looking at real estate records trying to find information about the property you are trying to purchase. Such information includes: Identifying the legal owner of the property, Liens, Judgments and Unpaid taxes. After the search is complete, the title company will complete a "commitment of title insurance" on behalf of either the lender or the buyer. This step ensures the buyer is receiving a clear title on the property and any outstanding issues are resolved. Once these steps are done, the title company will use their underwriter to issue a policy of title insurance covering the lender and the buyer.
The insurance policy will pay for any legal defense costs and reimburse you for any mortgage payments you are unable to make due to losing the house to someone else's claim on it.
Redwood Abstract team members are here to provide exceptional services tailored to you title needs.