Value of Title Insurance

Title Insurance is the key to protecting your home.

Imagine this ...You've just purchased your dream home. It is a split level ranch-style home with a swimming pool in the suburbs. You arrive home with your moving van prepared to enjoy your new purchase, you find someone else in the house claiming to own it. What will you do? Or, suppose you are awakened early one morning by a construction crew preparing to bulldoze your entire front yard for a railroad track to be built on the easement claimed to pass through your yard. What happens now? What if your enjoyment of this wonderful property is suddenly interrupted by receipt of a notice of past-due property taxes, which must be paid within a few days or the property will be sold for taxes?

Obviously, these are not pleasant images. So, what can you do? Title insurance is designed to prevent and provide a source of protection in the event that a problem may arise.

If the commitment or preliminary title report discloses liens, claims, questions of ownership or other problems, they must be addressed and removed as a part of the sale or loan, or they will continue to affect the property and may make a purchase of the property undesirable. Some liens or encumbrances can be removed by paying the indebtedness. Sometimes liens can be removed or satisfied only with proper court proceedings.