Title Insurance

There are two different types of title insurance: owner’s policy and lender’s policy.

An Owner’s Policy protects your property right for as long as you own your real estate.

A Lender’s Policy is usually required by the lender and protects on the lender’s financial interest. The buyer/borrower typically pays for this policy.

A title search is a standard part of the home buying or borrowing process that is conducted to uncover issues that could prevent your right to the property. Your title agent reviews the public record to see if there are problems or defects that could cause you legal issues.

Possible issues could include:

• Outstanding mortgages and judgments, or a lien against the property for taxes or other debt.

• Pending legal action against the property that could affect you.

• Unknown heirs of a previous owner who is claiming ownership of the property

• Possible encroachments or boundary issues

• Incorrect or incomplete legal descriptions