• What is title insurance? 
  

Title is a bundle of rights in real property. Protecting purchasers and lenders against loss is accomplished by the issuance of a title insurance policy. Usually, during a purchase transaction the lender requests a policy (commonly referred to as the Lender’s Policy) while the buyers receive their own policy (commonly referred to as an Owner’s Policy). 

Link: http://national.wfgnationaltitle.com/what-is-title-insurance/

• What is Escrow?
  

It begins with a signed contract and an earnest money deposit. Two parties (a buyer and a seller) agree, in writing, to the terms of a purchase. The price and terms and timelines are all laid out, and the buyer hands over a check that, essentially, puts their money where their mouth is. Or, in this case, their pen. These documents are all handed over to a representative of the escrow company, known as the “closer” or “escrow officer.”  This person is responsible for managing the flow of the transaction and making sure that all the t’s are crossed and i’s are dotted.

Link: http://national.wfgnationaltitle.com/2014/12/02/explaining-escrow-buyers/