WHO WE ARE AND WHAT WE DO…
Coastal Title & Escrow was founded in 1987 and is owned and operated by Stephen T. Greenwood, an attorney from Salisbury. The company was founded on the premise that the homebuying or refinancing process does not have to be a complicated or overly expensive process. We offer professional, experienced, attorney conducted closings with one low settlement fee, and no hidden attorney’s fees or undisclosed settlements costs.
Our settlement process begins with opening your file and conducting a full property search in the local county records, going back 60 years or more for a new purchase. We conduct a full examination of the title to verify that any and all outstanding liens are satisfied. If a survey needs to be ordered, we can recommend and contact one of the many surveyors with whom we do business in order to save you the most money at this phase of the process. We then examine this survey in detail for any encroachments or potential problems. Once we are satisfied that the title is marketable, we prepare a title commitment for the lender. An owner’s title insurance policy protects you from any hidden risks or fraud that are undetectable during the title search.
We then coordinate with the homebuyer, lending institution, and any REALTORS® or third parties to settlement, to schedule a settlement date convenient to all parties. Coastal Title is well known for our flexibility and fast turnaround times, and our settlement coordinators are there to answer questions during what is often an anxious time leading up to closing.
The day of closing is the most anticipated step of the process. Our closings are not conducted by settlement agents or processors with limited training. Instead, Coastal Title offers professional and experienced attorney-conducted closings with our President and owner, Stephen T. Greenwood, or our corporate counsel who are licensed attorneys and members of the Maryland Bar. This enables all parties involved to feel confident that any legal issues that may arise can be dealt with effectively and conclusively.
BIOGRAPHYSTEPHEN T. GREENWOOD, ESQ.
Steve Greenwood is a well-respected attorney in Wicomico County, Maryland engaged in the practice of real estate law. He returned to his native Salisbury after nine years in Montgomery County. He brings to Coastal Title seventeen years worth of experience in residential and commercial real estate transactions. In addition, he has been educated in advanced underwriting for title insurance and is experienced in the handling of complex title issues. Prior to joining Coastal Title, he was Vice President and Legal Counsel for a national title insurance underwriter. He was also associated with a Montgomery County law firm and title company practicing real estate law. He also served as Law Clerk to the Honorable James S. McAuliffe, Jr. of the Circuit Court for Montgomery County, Maryland. Mr Greenwood received his Juris Doctor from the University of Baltimore School of Law, and a Bachelor of Arts degree from Salisbury State College. Active in the community, he has served on the Board of Directors for Salisbury Neighborhood Housing Service, served on the Education Committee for the Coastal Association of REALTORS®, is a member of the Salisbury/Wicomico Chamber of Commerce, the Maryland Land Title Association, and the American Land Title Association. He currently coaches a Little League team, a U-10 travel baseball team, has coached and sponsored football and baseball programs for the Salvation Army Boys and Girls Club, and the Colt League baseball program in Salisbury, Maryland. His professional affiliations include the American Bar Association, American Bar Association Real Property and Probate Section, and the Maryland State Bar Association.