Overcoming Owner’s Policy Objections When the TILA-RESPA Integrated Disclosure (TRID) requirements went into effect, lenders began issuing a new Closing Disclosure to homebuyers. This new form lists the Owner’s Policy of title insurance as an “optional” purchase. While an owner’s title insurance policy has never been required, this “optional” language may spur questions regarding the value of title insurance. Here are some common objections to
Why get title insurance, really? Title insurance protects your property rights. It provides coverage for certain losses due to defects in the title that, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery. Surprisingly, these item could go undetected until after closing and possibly jeopardize your investment. Title Insurance Overview When a piece of real property is financed, purchased
Introduction To begin, let’s talk about Enhanced Owner’s Title Policy advantages! This policy type provides you with valuable coverages which are not provided for in the Standard Title Insurance Policy. Unlike the traditional standard policy, the Enhanced Title Insurance Policy expands your coverage by providing protection into the future. Additionally, with the superior coverage, the Enhanced Title Insurance Policy provides, you can be assured of