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!
I just want to thank you again for all your hard work and for making the closing of both homes go so smoothly! You made purchasing a home actually enjoyable and not stressful! Thank you!
You did a great job (as usual) with a tough situation.
Well Done. XXOO
Thank you for the smooth closing. You did a great job of explaining each document to us. Your expertise and professionalism shows.
Thanks to your team for the work done throughout the process of buying our first home. You have all made the process easy and it was great working with you. We will recommend you for your services in the future.
Laura and Jesse
Ronda, we just wanted to thank you for your attentiveness to our clients’ comfort and needs when we close with TitleSmart. Krischelle has been our closer for 10 years now and we really enjoy working with her.
Sean and Jennifer
Angela, I just wanted to take a moment to thank you for getting my transaction closed. I know it’s not easy rescheduling and squeezing more closings in this time of year, and especially late in the week.
Without getting too sappy, I’d just like to say that I continue to be amazed by you and your team at TitleSmart. Each and every time it is such great peace of mind knowing that you are on the job and that my clients are in such exceptional hands.
Thank you for all that you do.