What is it?
Title is your ownership right to your property.
Why it matters?
No homebuyer wants to inherit existing debts or legal issues that could interfere with their property rights in the future.
How you benefit.
Clear title allows you to use or modify your property.
What is it?
Title insurance professionals examine or research public records to see if there are any problems or defects that could cause you legal issues. They may... Read More
Title insurance professionals examine or research public records to see if there are any problems or defects that could cause you legal issues. They may also manage the closing process.
Why it matters?
The title professional ensures the title search is completed, writes the title insurance policy and works to reduce your risk of ownership issues in the... Read More
The title professional ensures the title search is completed, writes the title insurance policy and works to reduce your risk of ownership issues in the future.
How you benefit.
Your title professional has your back. They sweat the small stuff so you don’t have to, giving you peace of mind.
What is it?
A title search is an early step in the home buying process to uncover issues that could limit your rights to the property.
Why it matters?
If a title issue is discovered, most often your title professional will take care of it without you even knowing. After the title problem is fixed, you are... Read More
If a title issue is discovered, most often your title professional will take care of it without you even knowing. After the title problem is fixed, you are able to purchase owner’s title insurance.
How you benefit.
The title search protects you from unknowingly inheriting a previous owner’s debts, legal obligations or other title problems.
What is it?
There are two different types of title insurance: the owner’s policy and the lender’s policy. The owner’s policy is purchased by you, the homebuyer.... Read More
There are two different types of title insurance: the owner’s policy and the lender’s policy. The owner’s policy is purchased by you, the homebuyer. While it is your choice, purchasing an owner’s title insurance policy is the best way to protect your property rights. The lender’s policy is usually paid for by you or the seller. It is almost always required by the lender and only protects the lender’s interest.
Why it matters?
Sometimes undiscoverable defects can come up after the title search. Title issues may include forgery, fraud or clerical errors. Owner’s title insurance... Read More
Sometimes undiscoverable defects can come up after the title search. Title issues may include forgery, fraud or clerical errors. Owner’s title insurance is the best way to protect yourself from losing your property.
How you benefit.
Every year, the vast majority of homebuyers in America elect to protect the largest investment of their lives, and purchase owner’s title insurance.... Read More
Every year, the vast majority of homebuyers in America elect to protect the largest investment of their lives, and purchase owner’s title insurance. Owner’s title insurance protects your interests after you purchase your home.
What is it?
Closing is the final step in executing the home buying transition.
Why it matters?
It is the process that allows the transfer of ownership to occur.
How you benefit.
Upon completion of the closing process, you get the keys to your home!
This content for informational purposes only. Actual coverages and your eligibility may vary by company and state.
SOURCE: Homeclosing101.org and the American Land Title Association