TITLE INSURANCE

The purchase of a home is probably the single largest investment you’ll make in your lifetime. It is only expected that you would want to protect your investment. Title insurance assures that your rights and interests to the property you are purchasing is as expected and that the transfer of ownership is smoothly completed and that you receive protection from future claims against the property. It is the most effective way to protect your ownership rights to the property.

Because land transfers over generations, many people may develop rights and claims to a particular property. The current owner’s rights – which often involve family and heirs – may be obscure. There may be other parties (such as government agencies, public utilities, lenders or private contractors) who also have ‘rights’ to the property. These interests limit the ‘title’ of any buyer.

Before your real estate transaction closes, the title company performs an extensive search of all recorded documents related to the property. These records are then examined by experienced title agents to determine their effect on the current status of ownership and a report is issued to you or your lender for review. Through this examination it allows any pending title issues to be identified and cleared prior to your purchase of the property.