TITLE INSURANCE
Protect Your Property with Title Insurance
Title insurance is a type of insurance policy that protects you from financial losses caused by problems with the property such as unknown heirs claiming ownership rights, forged documents in the property’s history or unpaid taxes on the property that weren’t discovered during the title search.
You typically don’t need any specific documents to acquire title insurance. During this process, we will handle most of the paperwork for you.
REASONS WHY YOU NEED TITLE INSURANCE
- Get peace of mind with title insurance against unforeseen future problems.
- Title insurance covers legal fees and potential losses, saving you significant money.
- For most mortgage loans, lenders require the buyer to purchase a lender’s title policy to protect their investment.
Frequently Asked Questions About Title Insurance
What is Title Insurance?
When a property is financed, bought or sold, a record of that transaction is generally filed in public archives. Likewise, records of other events that may affect the ownership of a property, like liens or levies, are also archived. When you buy title insurance for your property, a title company searches these records to find - and remedy, if possible - several types of ownership issues. First, the title company searches public records to determine the property's ownership status. After this search, the underwriter will determine the insurability of the title. Even the most skilled title professionals may not find all problems associated with a property, though. Some risks, such as title issues due to filing errors, forgeries, or undisclosed heirs, are difficult to identify. So after the title company finishes its searching, it also provides a title insurance policy that will help protect you from a variety of issues that might be uncovered later. If you take out a mortgage loan when you buy your property, your lender will require a loan policy of title insurance. This protects the lender's interest in your property until your loan is paid off or refinanced. On the other hand, an owner's policy of title insurance insures your ownership rights to the property. Even though you'll pay for this policy only once, your coverage will last as long as you own your property. When you buy an owner's policy of title insurance, just think of it as buying some peace of mind!
Do I need Title Insurance?
While not legally required, title insurance is highly recommended. It provides protection against potential legal claims or disputes over the property's ownership, giving peace of mind to both buyers and lenders. Lenders typically require a title insurance policy to protect their investment in the property.
How much does Title Insurance typically cost?
The cost of title insurance varies based on the property's value, location, and the specifics of the transaction. On average, it can range from 0.5% to 1% of the purchase price of the property.
TESTIMONIALS
An Extension Of My Business
I consider this office as an extension of my own business, and I know that I can rely on them to handle the transaction with the same level of knowledge and service that I hope my clients expect from me.
Realtor
Attention To Detail
I so appreciate the warm welcome and personal attention to detail that my clients experience when closing with this law firm. I am always grateful for the positive and congratulatory atmosphere at the closing table.
Realtor
Quality of Work
The years of experience and high standards for quality of work show every time I place a title order here.
Lender
Always A Priority
I can always trust that my transaction will be a priority and handled with care.
Realtor
Efficient, Professional, Kind and Personal
Those are the words that come to mind when thinking about my favorite closing office in town.
Realtor
Knowledgeable And Experienced Professionals
The knowledgeable and experienced professionals, from the attorneys to the support staff, sets them apart. Speed bumps are addressed and handled so quickly that your clients sometimes weren’t even aware of any issues.
Lender
Seamless Title Closing
Seamless – that is what it feels like when you allow this experienced office to handle everything from title to closing.
Realtor
Quick Response
My clients felt informed and quickly responded to the entire way through.
Lender
Confident Throughout The Process
The entire office is so knowledgeable which made my clients feel so much confidence throughout the process. When your clients feel comfortable and important, it makes you look good. This is why I will always use them to handle my closings.
Realtor