In today's complicated world, property owners need title protection more than ever. A deed to a piece of property does not necessarily prove that the seller is the owner of the property. The will or deed could be forged, undisclosed heirs could lay claim to the land, or errors in clerical work could endanger a person's legal title to his land.
As early as 1640, Americans saw the need for a safe, accurate system of recording land transactions in the public records. Later, land title insurance was developed in the 1870s as a safeguard against forged records, inaccurate record searches, and other title problems.
A title insurance policy is crucial for a property buyer because it protects you and the lender from the possibility that your seller doesn't, or previous sellers didn't, have free and clear ownership of the house and property and, therefore, can't rightfully transfer full ownership to you. If a title claim arises, title insurance may cover costs, attorney’s fees, and expenses to defend your title. Your title insurance policy protects your property for as long as you own the property.
On the rare occasion title insurance is waived by a buyer, U.S. Title can provide a limited title search showing the current owner and any outstanding liens for an additional fee.
Our experienced and professional closing staff coordinates all of the document signing, the collection, and disbursement of funds.