Title Insurance

What it is and why it is important

Whenever the ownership of a property is transferred from one person to another, a record of the transaction is made and kept on file in public archives. This is known as the transfer of title. Similarly, records are also made of any events that could affect the ownership of a property, such as liens or levies.

A title company searches these records to make sure that the chain of ownership for the property is clear and that it can be sold without issue. If there are any problems, such as those liens or levies, the title company will work to resolve them before the deal can be brought to closing.

Yet, even the most experienced title professionals can miss things or make mistakes. A title insurance policy can help protect the claim to ownership of the home and can shield homebuyers financially from having to bear the burden of any discrepancies that may arise.

Title Insurance for Homeowners

Title insurance for homebuyers protects their property rights. For the same reasons that the bank requires a lender’s insurance policy, a homebuyer obtains homeowner’s title insurance to protect their legal claims to the property.

Complications with a title for a property may not happen all the time, but they do happen and can be costly. Rather than taking the risk of assuming that no complications will happen, as a homeowneer, it’s better to be covered.

A home is one of the biggest assets that you will ever own. Protect yourself and your financials by factoring the cost of title insurance in with the rest of closing costs.

Title Insurance + Real Estate Agents

Ensure your client is protected.

You’re a real estate agent, so you know that buying a home can be overwhelming for many of your clients. Homebuyers can easily feel confused and frustrated by the mounds of paperwork they have to sign. Plus, all the fees associated with closing can sometimes be a surprise even to an experienced buyer.

How title insurance protects your clients.

Say, for example, your client recently purchased a new home from a builder, but the builder failed to pay the roofer. Wanting to be paid, the roofer filed a lien against the property. Without owner’s title insurance, your client would be responsible for paying this existing debt–meaning they’d be paying the roofer out of pocket instead of purchasing something nice for their new home, like new living room furniture. This is just one example of how owner’s title insurance protects homebuyers’ from various significant risks. With owner’s title insurance, your client would be protected from certain legal or financial responsibilities.

Our Team of Attorneys

John Dobard – TN
Web Raulston – GA