What does Title Insurance Protect You From? A lot / West Hills Ca. / Woodland Hills /San Fernando Valley Real Estate

What does Title Insurance Protect You From?  A lot. /West Hills Ca./ Woodland Hills / San Fernando Valley Real Estate

(Q) Esperanza. As a first time home buyer I need to know what does Title Insurance cover and what are the drawbacks to not having it?

(A) The following matters are examples of why you need title insurance. Remember that the best title examination or search cannot protect your equity and home from matters not appearing in the public records. However, title insurance can protect you from:

• Documents executed under false, revoked or expired powers of attorney
  
• False impersonation of the true land owner
  
• Undisclosed heirs
  
• Improperly recorded legal documents
  
• Prescriptive rights in another not appearing of record and not disclosed by survey
  
• Failure to include necessary parties to certain judicial proceedings
  
• Defective acknowledgements due to improper or expired notarization
  
• Corporate franchise taxes as liens on corporate real estate assets
  
• Gaps in the chain of title
  
• Mistakes and omissions resulting in improper abstracting
  
• Improper modification of documents
  
• Rights of divorced parties
  
• Conveyances in violation of public policy
  
• Misinterpretation of wills and ancillary instruments
  
• Deeds by persons falsely representing their marital status
  
• Claims by creditors of decedent against property improperly conveyed by heirs and devisees
  
• Issues concerning unlawful takings by eminent domain or condemnation
  
• Special tax assessments
  
• Real estate homestead exceptions

• • Inadequate legal descriptions
    
  • Conveyances by undisclosed divorced spouses
    
  • Duress in execution of wills,deeds and instruments conveying or establishing title
    
  • Issues involving delivery of conveyancing instruments
    
  • Deeds and wills by persons lacking legal capacity
    
  • State inheritance and gift tax liens
    
  • Errors in tax records
    
  • Demolition and substandard building liens
    
  • Administration of estates and probate of wills of missing persons who are presumed deceased
    Issues of rightful possession of the land
    
  • Issues concerning the rightful conveyances by corporate entities
    
  • Deeds and mortgages by foreigners who may lack legal capacity to hold title
    
  • Legal capacity of foreign personal representatives and trustees
    
  • Issues involving improper marital status
    
  • Issues concerning adoption of children
    
  • Conveyances and proceedings affecting rights of military personnel protected by the Soldiers' and Sailors' Civil Relief Act
    
  • Issues concerning interests noted in financial statements filed under Uniform Commercial Code
    
  • Interest arising by deeds of fictitious parties
    
  • Adverse possession
    
  • Lack of jurisdiction or competency of persons in judicial proceedings
    
  • Community property issues
    
  • Utility easements
    
  • False affidavits of death or heirship
    
  • Intestate estates
    
  • Probate matters
    
  • Federal estate and gift tax liens
    
    The second part of your question

  Without a Title Insurance Policy you are responsible/liable for all that was mentioned above. So for your own protection...     (Please Contact you Title Representative for more information)