what is title insurance and why do I need it?
Is title insurance mandatory?
When does title insurance start and end?
My mortgage lender wants me to use a certain title company, do I need to use them?

what is title insurance?

The purpose of title insurance is to ensure the purchaser as well as lender that no individual or government entity has any claim, lien or encumbrance on the property that is being purchased or refinanced. This gives both the purchaser and the mortgage lender piece of mind, knowing that the investment is fully protected.

We accomplish this by searching numerous public records. After thorough examination of all records pertaining to the property and previous owners a title commitment is issued. Upon the completion of the settlement any claim that may be filed as a result of undisclosed or unrecorded information is covered by that policy.

We also ensure proper transfer of title/deed as well as fill all recordings.

Is Title insurance mandatory?

Yes, it is if you need a mortgage (as most people do), because all mortgage lenders require protection for an amount equal to the loan. As with mortgage insurance, it protects the lender but you pay the premium, which is a single-payment made upfront.

Title Insurance period

Unlike most insurance such as life insurance, which protects against claims that arise after the policy is issued, title insurance only protects against losses from claims that arise prior to the date of the policy. Coverage ends on the day the policy is issued and extends backward in time for an indefinite period.

Choosing a title company text

You'll find that many lenders, real estate companies or other parties involved in the transaction actually own part of the title company. The lenders are able to set certain standards for the insurer, but there are federal laws that prevent you from being required to purchase title insurance from any particular company. Shop around and you'll find that Lloyds & Handson's rates are competitive. Combine that with our high level of service and you'll find that we offer piece of mind at a reasonable rate.

Do I really need a title agent? The quick answer is "yes". It's rare, but even in today's world of information, steps get missed and mistakes happen.
Messy divorces, untimely deaths, inheritance disputes and improper documentation are all factors that could lead to a dispute over ownership. 
You don't want to be held responsible or be the victim of another party's carelessness. You need a title agent to sort through the house's transaction history and make sure everything is correct.
What we do.
Our agents will check the history of your property by looking through public records, like deeds, mortgages, wills, divorce settlements, court judgments, and tax records, just to make sure that the person selling the house does indeed have the right to do so.  
Is there more?
Of course! Doing the research into a house's history is only half the job. Title agencies also provide insurance against any future claims on the house by third parties. The price that is disclosed to you as part of your closing costs reflects the amount for both research and insurance.
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