The Basics of a Title Commitment

James J. Vassallo Jr
2 min readOct 1, 2021

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An alumnus of Widener University and Temple University, James J. Vassallo Jr. is a title agent who guides Pennsylvania-based Leader Settlement Services, LLC. In this role, James J. Vassallo Jr. is responsible for reviewing title searches, preparing closing documents, attending closings, and producing title commitments.

A title commitment is a document in which a title insurer exposes any liens, liabilities, defects, and obligations that impact the subject property to all parties involved in a real estate transaction. It lays out all standards that must be satisfied before a title firm can declare a title “marketable” or a loan “priority.” A title that is marketable is one that has no reasonable doubt or flaws and may be sold or mortgaged quickly. A real estate law firm or title business creates a title commitment as a pledge to offer a title insurance policy.

It is critical for all parties to evaluate the commitment upon receipt while preparing for a real estate deal closing. This guarantee of a title commitment from a title firm allows buyers and lenders to conclude transactions without having to wait for title insurance to be issued. If there are any questions regarding the content of the document, contacting a real estate agent, title agent, or lawyer for clarity is recommended.

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James J. Vassallo Jr
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Based in Radnor, Pennsylvania, James J. Vassallo Jr. has more than two decades of leadership experience as a title agent.