WHY DO I NEED TITLE INSURANCE?
It protects the insured from losses as the result of claims on one’s ownership of real estate. It is unique in that it insures for problems which occurred even before the insured took title. The problems that could arise that are covered by title insurance are:
Fraudulent or misrepresented deeds, releases, etc. Recording errors Undisclosed or missing heirs
Incompetency of previous seller False representation by sellers Lack of right of access
Erroneous or inadequate legal description Power of attorney revoked by death or insanity

WHAT SHOULD I LOOK FOR IN A TITLE COMPANY?
You should insist on a Title Company with a stable financial history and well established background in your area. A well established company will insure the security of your escrow funds and proper disbursement of your closing.

WHAT ARE THE DIFFERENT TYPES OF TITLE INSURANCE?
There are two basic policies, an OWNER’S POLICY and a LOAN POLICY. The Owner’s Policy protects the interests of the real estate owner, the Loan Policy protects the interest of the Lender or Mortgagee.

WHAT IS THE COST OF TITLE INSURANCE?
Title Insurance costs vary depending on a wide range of variables, but in all cases it is a one time only fee and does not need to be renewed. We always want to be able to provide the best service for our customers and provide the information to save you the most. So if you place an order with us, please provide a copy of your current Owner’s Policy of Title Insurance and Survey. With your Owner’s Title Policy, we are able to provide reissue rates. Of course these rates are governed by RESPA (Real Estate Settlement Procedures Act), so when we review these items we will give you the appropriate discount.

THE OWNER’S POLICY IS FOR YOUR PROTECTION!!