Do You Need Additional Title Coverage? To start, if you previously purchased property and obtained an Owner’s Title Insurance Policy, you may need additional title insurance coverage. Perhaps your policy does not reflect the current value of your property, asking about extra coverage may be beneficial. If you refinance your mortgage or obtain a construction loan/home equity loan to improve your property, it is a
Title Insurance for Commercial Transactions The sale of commercial real estate can be a complex process. Still, title insurance plays an important role in the transaction. While commercial transactions are similar to residential transactions, commercial transactions generally involve a larger financial investment. Complex ownership structures, use, and deeper research are needed to ensure the interests are conveyed properly. Below, we outline the basics of title
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 There are many common ways to hold title. Determining how to take title to your property is a major decision with legal ramifications that may impact you and/or your heirs. State law determines the methods of owning real estate. Consult your attorney or accountant to determine the best for of ownership for your specific situation. Different Ways to Hold Title Sole Ownership Community Property
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