title insurance
Title Insurance Problems Arise When A Title Company Fails to Disclose An Association
What is the purpose of a title company? To avoid title insurance problems and issues. A title company’s responsibility is to search the public records and inform the prospective homeowner about any issues and problems that affect the title of a property they intend on buying.
Do It Yourself Title Search May Be Incomplete
Can you do a title search for your own property? You may be able to research your property’s title and related liens in public records but you may also miss something. Do you need to hire an attorney to help with a title search? Or a title insurance company? Find out what a title search includes and why a do-it-yourself title search may not be the best idea.
Paying For Owner’s Or Lender’s Title Insurance
Title insurance companies offer two different types of title insurance policies: lender or mortgagee protection and owner’s coverage. Owner’s title insurance coverage protects the owner against a loss due to title defects not disclosed to the purchaser at or before the closing of the purchase. The lender’s title insurance policy protects the lender against title defects.
Property Lien Destroys Home Sale
When you buy a home you hope that the title insurance company will find all liens against the property in doing the title search. When you discover a lien on your home after closing, it could unravel the sale. To protect yourself it’s critical to have the right kind of title insurance, to protect you and not just your lender.
Why Buy Title Insurance When Home Is Paid For?
In many places, a home seller has the burden of proving that he or she has good title to the home, which is usually done through buying title insurance. Title insurance companies provide the service of searching the public records and furnishing a report called a title insurance commitment. The cost of title insurance varies greatly from state to state.
Title Search May Reveal Lien
A divorced woman wants to make sure the property she’s buying from her ex-husband does not have any outstanding liens. Liens may include mortgage loans and home equity lines of credit or HELOCs. An attorney can also help sort out whether there are any outstanding liens and ensure that the title is free and clear of liens.
Tenancy In Common And Property Ownership
A father changed the ownership of his property from joint tenants with right of survivorship to tenancy in common. The father later signed a quit claim deed giving his interest in the property to his daughter. What does tenancy in common mean for property ownership? Is the property ownership divided equally so everyone gets the same amount of land? State laws and how the father changed the joint tenancy will determine the answer to the property ownership.
Learn About Title Insurance
Title insurance is a key part of buying a home. Learn more about title insurance from these ThinkGlink.com stories.
Why do I need to buy title insura…
Ilyce Glink on WSB Radio – September 9, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. She discussed the drop in mortgage interest rates and whether now is a good time to refinance. Ilyce also talked about the stock market decline and the disappointing housing numbers causing the sell-off on Wall Street. She took calls about title insurance, streamline refinancing of a loan, identity theft, foreclosures, debt collectors, medical debts, fake check scams, inherited real estate, credit card debts, and creditkarma.com. For show notes and updates through the week, check out her blog at www.thinkglink.com/blog , and sign up for her free weekly newsletter on the ThinkGlink.com home page. Check out the videos at www.expertrealestatetips.net. And be sure to subscribe to her YouTube channel.
What’s Included In A Title Search?
Title insurance protects you and your property. A title insurance company runs a title search before issuing a policy. A title search means looking at public records relating to your property and tracing the chain of ownership. What documents are included in a title search?
