What Does Title Insurance Protect Me From?

By including title insurance when purchasing property, your title insurer takes on accountability for legal expenses to defend your property title, should it ever be challenged.

Many different occurrences can come into play to warrant the need for title insurance.

The title company responsible will then take on the legal expenses to defend the property for as long as you are in possession of an interest in the property under the title.

If the defense is not successful, you will be reimbursed for any loss of value of the property.

Common Things Title Insurance Covers:

1. UNDISCLOSED HEIRS, FORGED DEEDS, MORTGAGE, WILLS, RELEASES AND OTHER DOCUMENTS

2. FALSE IMPRISONMENT OF THE TRUE LAND OWNER

3. DEEDS BY MINORS

4. DOCUMENTS EXECUTED BY A REVOKED OR EXPIRED POWER OF ATTORNEY

5. PROBATE MATTERS

6. FRAUD

7. DEEDS AND WILLS BY PERSON OF UNSOUND MIND

8. CONVEYANCES BY UNDISCLOSED DIVORCED SPOUSES

9. RIGHTS OF DIVORCED PARTIES

10. ADVERSE POSSESSION

11. DEFECTIVE ACKNOWLEDGEMENTS DUE TO IMPROPER OR EXPIRED NOTARIZATION

12. FORFEITURES OF REAL PROPERTY DUE TO CRIMINAL ACTS

13. MISTAKES AND OMISSIONS RESULTING IN IMPROPER ABSTRACTING

14. ERRORS IN TAX RECORDS

_________________________________

Related Articles – Closing Process / Costs

March 28, 2010 by · Leave a Comment

Related Posts

About Carolyn

To give you a little bit about myself I am a veteran of the Real Estate profession. I have been in the mortgage industry for over 20 years, been a licensed Real Estate Professional and am a home owner myself. I have a true understanding of all sides of a purchase transaction and know the importance of communication to all parties to make the deal close. I started my financial career in Seattle with Washington Mutual back in 1991 and have continued to grow in the industry through various aspects of the business. I have had the honor of being on Congressman Bill Posey's Financial Roundtable in 2010 and in 2011. I have been an Underwriter, processor as well as a Mortgage Loan Originator. At Certified Mortgage Planners we have the unique ability to broker our loans as well as a direct lend. What this means for you is we have multiple options to choose from and are a full service lender which allows us to help our clients fit in the best possible financing . My greatest satisfaction in my career is helping people in our community achieve homeownership, whether it is their 1st home, their last home or investment and helping my Realtor partners achieve there goals. What is also important to me is treating people fairly and ethically. I work with people in all price ranges and no matter what the objective is and will be there from start to finish. I feel truly blessed to be a part of such a great business and enjoy the challenges that it sometimes brings.

Leave a Comment