Todd Ewing
Founder & CEO
Washington,
DC
More about me…
Federal Title & Escrow Company
Address: 5335 Wisconsin Ave, NW , Suite 700, Washington, DC, 20015
Office: (202) 362-1500
Fax: (202) 362-5901
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Too often we hear prospective homebuyers or real estate agents dismiss the need for owner’s title insurance coverage because the property is "new or in a newer development." In fact, nothing could be further from the truth since a large percentage of title claims occur on new construction properties.Title insurance claims on new construction mostly involve cases of mechanic’s liens. A mechanic’s lien is a lien placed on the property by a contractor or sub-contractor for unpaid labor and material performed during construction.Many times, a mechanic’s lien is filed after a homebuyer has purchased the property from the seller. In other words, … (1 comments)
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