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About Title Insurance
Why You
Need Title Insurance
There are two main reasons why the
purchase of title insurance is
an important component in the home buying process.
First, title insurance services include the search and examination
of all outstanding liens, judgements or other potential title defects
against a particular parcel of real estate. Second, the issuance of a
title
insurance policy gives the homebuyer and heirs protection from claims
on the
title to the property, as well as peace of mind.
Before buying any real estate, please read this information carefully,
then contact Premier Title Partners
for more information.
What is Title Insurance
Like many homeowners, you may be
surprised to learn that paying your
money and receiving a deed doesn't assure you of a free and clear
title.
The enduring nature of land and the complexity of real property laws
make it possible for others to hold legitimate claims against your
home.
Such claims can limit your use of the property, bog you down in legal
battles
or even result in the loss of your home. This is where title insurance
comes in. Owner's title insurance protects your ownership for as long
as you and your heirs own the property. Your policy should be for the
full amount
you paid for the property, not just the mortgage amount.
Attention to Detail
Although the title to your
property may appear to be perfect
on the surface, it is possible that one or more "hidden defects" may
exist, having originated in a previous ownership. Our land title search
is a review of all the matters affecting real estate ownership. During
such a search , public records are checked in many offices,including
those of recorders
and registrars of deeds, clerks of court, and municipal and county
officials
We may uncover such stumble-blocks as unpaid taxes or judgements
against previous owners, fraudulent impersonations, secret marriages,
undisclosed heirs, invalid divorces, and many other court actions with
can affect title to real estate. Once discovered, these matters
can be addressed and appropriate action taken by Premier Title Partners
to clear the records prior to you receiving the title.
Contact us for
more info
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