ATTORNEY AT LAW, P.C.
If you have any questions regarding title insurance, please email or call and a brochure will be sent to you explaining in more detail the benefits of investing in title insurance. Title Insurance requires a one-time premium and is good for as long as you own your property.
"Title Insurance is an insured statement of the condition of your 'title' or ownership rights to a certain piece of property. A title insurance policy describes your property in detail and states what limitations, if any, there are to your ownership. (For example, you may take ownership subject to existing liens or encumbrances. Or you may not own mineral rights. Or easements may have been granted to utility companies or adjacent property owners.) Most importantly, a title insurance policy guarantees that the property you are purchasing is free of undisclosed liens, confusion in the rights of ownership and other clouds on the title. In short, it guarantees that you own the property for which you bargained.
Title insurance is used to protect both lenders and property owners from losses due to these defects. Protecting the interests of lenders and property owners is done in two parts. Loan Policies protect the lender's interest in a property, while an Owner's Policy is designed to protect the property owner."
One of the most commonly asked questions in a real estate practice is, "What is title insurance?"