In Real Estate, a title insurance policy insures or indemnifies owners, holders of liens or encumbrances, or others with a title interest in a real property, against loss or damage to the property title. A title insurance policy is required by a homeowner as it serves to insure the fee or other title interest of the owner. The title insurance policy indemnifies the owner against loss or damage to the owner's fee, or other, interest caused by any of the following areas which may exist at the date of the policy if they have not been specifically accounted for in the title policy:
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recorded liens or encumbrances
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defects in the title
- lack of access to and from the land
A policy is also generally required by a lender. In addition to the above, a lender's policy insures the identity, due execution, validity, enforceability and priority of an insured mortgage or deed of trust. Title Insurance is an important part of most real estate transactions and it's important to understand what it covers and for buyers to read the Title Policy very carefully.
Ventana Coastal Properties is a leading San Juan Capistrano real estate brokerage. If you are looking to buy or sell homes in San Juan Capistrano or the surrounding Orange County area, I would welcome the opportunity to work with you to assist you with your home search. I specialize in working with clients to buy or sell Orange County homes, condos, and investment properties. Contact me anytime at 949-500-0484 to request your free San Juan Capistrano home valuation.
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