Title Insurance Done Right.
The most expensive purchase one will make in their lifetime will most likely be buying a new home. We understand that and know how important it is that your closing is conducted and completed as smooth as possible. Our goal is to make your closing a convenient, comfortable, stress-free experience. And, if necessary, we can bring the closing to you!
No excuses. No surprises. We want you to relax when it comes to your settlement. Our mission is to make the closing process as smooth and seamless as possible. Our highly qualified staff are at hand to help with all of your title needs. Give us a call today.
No excuses. No surprises. We want you to relax when it comes to your settlement. Our mission is to make the closing process as smooth and seamless as possible. Our highly qualified staff are at hand to help with all of your title needs. Give us a call today.
WHY DO I NEED TITLE INSURANCE?
Title insurance protects against loss from issues and defects that are already existing within the title and can be purchased with a one-time insurance premium. Title search and examination is the first step in the process of ensuring your property is clear of these issues and defects. Insuring a home’s title begins with a search of public land records affecting the property. The title agent or attorney working on behalf of the underwriter examines pertinent documents to determine whether the property is insurable. Those documents include deeds, wills, trusts, outstanding mortgages and judgments, property liens, highway or utility line easements, pending legal actions and notary acknowledgements. When title problems are disclosed during the search process, they are corrected whenever possible to avoid future claims. According to surveys done by the American Land Title Association (ALTA), title problems consistently arise in one out of three real estate transactions (36%).
A corrective process is vital to curing title problems. The most common actions to cure title defects include: • Releases/pay-offs for liens – 33% • Releases/pay-offs for deeds/mortgages – 19% • Typographical corrections (names, addresses, legal descriptions) – 17% • Clearing estate/family issue – 11% • Clearing physical property issues – 7%
What if a problem is hidden or missed? After all this searching and examination, a title problem may still be hidden or missed, such as: • A forged signature on a deed • An unknown heir who steps forward to claim ownership of the property • An expired or forged power of attorney used during a property transfer • An incorrect public record In each of these cases and many more, when there is appropriate title insurance coverage, a policy will offer financial protection. The title insurer defends the title and either perfects the title or pays valid claims.
Title insurance protects against loss from issues and defects that are already existing within the title and can be purchased with a one-time insurance premium. Title search and examination is the first step in the process of ensuring your property is clear of these issues and defects. Insuring a home’s title begins with a search of public land records affecting the property. The title agent or attorney working on behalf of the underwriter examines pertinent documents to determine whether the property is insurable. Those documents include deeds, wills, trusts, outstanding mortgages and judgments, property liens, highway or utility line easements, pending legal actions and notary acknowledgements. When title problems are disclosed during the search process, they are corrected whenever possible to avoid future claims. According to surveys done by the American Land Title Association (ALTA), title problems consistently arise in one out of three real estate transactions (36%).
A corrective process is vital to curing title problems. The most common actions to cure title defects include: • Releases/pay-offs for liens – 33% • Releases/pay-offs for deeds/mortgages – 19% • Typographical corrections (names, addresses, legal descriptions) – 17% • Clearing estate/family issue – 11% • Clearing physical property issues – 7%
What if a problem is hidden or missed? After all this searching and examination, a title problem may still be hidden or missed, such as: • A forged signature on a deed • An unknown heir who steps forward to claim ownership of the property • An expired or forged power of attorney used during a property transfer • An incorrect public record In each of these cases and many more, when there is appropriate title insurance coverage, a policy will offer financial protection. The title insurer defends the title and either perfects the title or pays valid claims.