One of the most common questions we are asked is
The answer is that Lloyds and Handson provide peace of mind. You’re about to make the biggest investment of your life and we make sure that this investment is protected.
Title insurance protects against some of the following situations:
False impersonation of the true owner of the property
Forged deed, releases, or wills
Instruments executed under invalid or expired power of attorney
Undisclosed or missing heirs
Mistakes in recording legal documents
Deeds by persons supposedly single but are in fact married
Liens for unpaid estate, inheritance, income, or gift taxes
Fraud
The answer is yes. Although it is rare 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 do not 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.
Our agents will check the history of your property by looking through public records, like deeds, mortgages, wills, divorces settlements, court judgments, and tax records, just to make sure that the person selling the house does indeed have the right to do so.
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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