Frequently Asked Questions about Title Insurance & Closing/Settlement Services
What is Title Insurance?
With few exceptions, a home represents the largest single investment most people make in their lifetime. Thus it is only natural that an owner will want to make that investment secure by protecting the basic proof of ownership. Title insurance is the most effective and lowest cost way of doing just that. When a person buys a car or consumer goods, they seldom need to know whether the former owner is married, single or divorced; whether they have paid their taxes or are involved in a lawsuit. But when a person buys a home, it is necessary to have all that information and much more. While the person(s) may own the property, others such as lenders and lien holders, may have rights in that same real estate.
Title Insurance is a contract to protect an owner against losses arising through defects in the title to real estate owned. If the title is insurable, the company guarantees the owner against the loss due to any defect in title or expenses in legal defense of the title pursuant to the terms of the policy.
The cost of title insurance is directly related to the value of the property. The premium is small compared to the total purchase price. It is paid only once and remains in force for as long as the property is owned by the insured and continues to protect the insured on warranties after it is sold.
What other services do you provide?
In addition to titleinsurance we also provided owners and encumbrances reports, foreclosure commitments, mortgage title insurance, endorsements, and closing/settlement services.
What are your rates?
Please call us for a free rate quote. You will find our rates to be extremely competitive.