A fire destroys only the house and improvements. The ground is left. A defective title may take away not the only the house but also the land on which it stands. Title insurance protects you (as specified in the policy) against such loss.
A deed or a mortgage may have been signed by a person under age.
A deed or a mortgage may have been made by a legally insane person or one otherwise incompetent.
A deed or a mortgage may have been made under a power of attorney after its termination and would, therefore, be void.
A deed or a mortgage may have been made by a person other than the owner, but with the same name as the owner.
The testator of a will might have had a child born after the execution of the will, a fact that would entitle the child to claim his or her share of the property.
A deed or mortgage may have been procured by fraud or duress.
Title transferred by an heir may be subject to a federal estate tax lien.
An heir or other person presumed dead may appear and recover the property or an interest therein.
A judgment or levy upon which the title is dependent may be void or voidable on account of some defect in the proceeding.
Title insurance covers attorneys’ fees and court costs.
Title insurance helps speed negotiations when you’re ready to sell or obtain a loan.
By insuring the title, you can eliminate delays and technicalities when passing your title on to someone else.
Title insurance reimburses you for the amount of your covered losses.
A deed or mortgage may be voidable because it was signed while the grantor was in bankruptcy.
Each title insurance policy we write is paid up, in full, by the first premium for as long as you or your heirs own the property.
There may be a defect in the recording of a document upon which your title is dependent.
Claims constantly arise due to marital status and validity of divorces. Only title insurance protects against claims made by non-existent or divorced “wives” or “husbands.”
Many lawyers, in giving an opinion on a title, protect their clients as well as themselves, by procuring title insurance.
Over the last 24 years, claims have risen dramatically.
Like purchasing any insurance (auto, fire or theft), you hope you will never need to use it, but if something unforeseen happens, THANKFULLY YOU HAVE IT!
Krischelle, Our closing went great. It was very fast and pleasant. I would definitely recommend! Thanks so much!
Cindy, we just want to thank and recognize the outstanding professionalism of Janine Hanson for her assistance in the closing recently. There were a number of last minute legal complications on this transaction including ownership, documents, out of town parties, etc. We could not have completed this sale were is not for Janine. She was very timely and thorough in her communication of what needed to be done. She was on top of all the details and committed to the success of this transaction. It was a pleasure to work with Janine and we thank her for her personal commitment in supporting us throughout this process.
Mike & Geri
Mike & Geri
We were selling my parents house & had TitleSmart as the closing team. We had the Lori team and everything went very smoothly! They suggested that I could pre-sign the papers a couple of days earlier, so I did that, it was at another of their offices that was closer to my work. I would recommend TitleSmart for anyone selling or refinancing.
Kishack and Team: Thank you for the great job you did on this file. What a mess it was from start to finish and not many could have pulled it off and closed it. Your team really went above and beyond dealing with this file and it didn’t go unnoticed. You have proved yourself and your team to be a valuable asset to my company and we greatly appreciate you for that and your professionalism. I will keep you in mind for future deals and your bilingual abilities for our Hmong clients.
Wanted to let you know that Angela is absolutely AMAZING. She helped us out when we really needed it and got the job done.
I have always loved with working with Titlesmart anyway as your team has it together.
KUDOS TO ALL!!!!