 |
|
 |
Services |
|
|
|
||||
|
 
• Escrow Closings • Tax-Free Exchanges • Special Reports 
Why does your real estate need title insurance? When you buy a condominium, a home, any other type of building or even vacant land, you must have a complete investigation made on every aspect of the property. Or, you may discover that the property you bought and paid for is not actually yours at all! Even after the investigation, you will need protection in the event that some point has been missed in the public records or someone makes a claim on the title to your property. Doesn't your deed take care of giving you clear title? Not at all. A "deed" is merely an instrument whereby a seller transfers his or her right of ownership, whatever it may be, to you. It is not proof that the person described as the seller is actually the owner. It does not do away with claims or rights others may have in the property. From the deed, you cannot determine what rights, liens or claims may be outstanding against your title. Why isn't a lender's mortgage title insurance policy enough? The lender's title insurance doesn't protect the new buyer of the property. Although the land is the same, the interest of the buyer and the interest of the lender are very different. The provisions of a lender's title insurance policy are different from those of a buyer's policy, so the buyer should obtain his own policy. The two are often issued simultaneously. What questions have to be answered before your title can be secured by a title insurance policy?
Yes! With a title insurance policy from Surety Land Title. The cost of title insurance on any piece of property you may decide to buy is very small when compared with the benefit and security it gives! |