Reblogger Vanessa Hackleman
Real Estate Agent with Diamond Realty & Associates, LLC

Great advise!!

Original content by Mykel Martin BRE# 01169000



Title Insurance is essential in protecting you as you make the most important investment you'll ever make - the investment in your home.

A Title Insurance policy provides you with an indemnity contract that reimburses you for any loss that you would incur if someone asserted a claim against your property that is covered by the policy.

How can there be a title defect if the title has been searched?

Title insurance is issued after thorough research of the public records. But even the most thorough research cannot absolutely assure that no title hazards are present, despite the knowledge and experience of professional title examiners. In addition to matters shown by public records, other title problems may exist that cannot be discovered through research.

What does Title Insurance protect against?

Here are just a few of the most common hidden risks that can cause a loss of title or create an encumbrance on title:

  • 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
  • Misinterpretations of wills Deeds by persons of unsound mind
  • Deeds by minors
  • Deeds by persons supposedly single, but in fact married
  • Fraud
  • Liens for unpaid estate, inheritance, income or gift taxes

What protection does Title Insurance provide against defects and hidden risks?

Title Insurance will pay for your defense against any lawsuit attacking your title as insured, and will either clear up title problems or pay the insured's losses. For a one-time premium, an owner's Title Insurance policy remains in effect as long as you, or your heirs, retain an interest in the property.

What does this means to you?

Ttile Insurance provides peace of mind in knowing that the investment you've made in your home is a safe one.



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Daniel J. Hansmeier
Rochester, MN

Otherwise known as CYA on your home purchase.

Jun 02, 2010 04:30 AM #1
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Vanessa Hackleman

Vanessa Hackleman, REALTOR, ABR, ePro
Want to know what your home is worth? For FREE?

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