Title Insurance | Understanding the Need and Value

Title Insurance | Understanding the Need and Value

It is vitally important for prospective home buyers to thoroughly understand the process of their home purchase and the potential risk associated with the property’s title. Most people don’t realize that the current owners of their prospective home, as well as their family and heirs, have extremely strong rights associated with the property. In addition, third parties may have liens against the title for anything from unpaid child support to outstanding parking tickets. In fact, it takes very little effort to place a lien on a property, but it can take a great deal of time and money to have Read more »

Mrs. Amy Wesley – Senior Title Agent

Mrs. Amy Wesley – Senior Title Agent

Mrs. Amy Wesley is a Senior Title Agent with more than 15 years of experience Рwhich extends not only to real estate closings but also to mortgage loan processor and originator. She is well versed in both sides of each transaction.  Mrs. Wesley works mainly in residential transactions.  

What kind of problems can be discovered in a title search on a property?

What kind of problems can be discovered in a title search on a property?

There are several categories that can cloud a title and result in significant risk for a prospective buyer: * Liens * Errors * Claims * Fraudulent Activity The title search meticulously seeks out and evaluates any known indication of any of these issues. It is important to know that even the most comprehensive search may not uncover every hidden area of title risk.

Who is covered by title insurance?

Who is covered by title insurance?

There are two different kinds of title insurance policies and each covers a specific type of owner: Lender’s or Loan Title Policies. Owner’s Title Insurance Policies. Title insurance is regulated by each state having a department of insurance that generally regulates all forms of title insurance. These governmental bodies are responsible for establishing and enforcing regulation for insurance sold in their state.

Law Firm Yates & Duncan, P.C.

Law Firm Yates & Duncan, P.C.

Douglas S. Yates and Justin Duncan of the law firm of Yates & Duncan, P.C. Magnolia Title, Inc. is a real estate title company providing closing services including title and escrow services. Our parent company is Smoky Mountain Title, Inc. We were founded in October, 2007, by Douglas S. Yates, Esq. Our staff is highly qualified and trained to conduct all aspects of real estate closing. Our company is headed by Douglas S. Yates, who specializes in real estate law. Mr. Yates attended the University of Tennessee College of Law, Knoxville, Tennessee, receiving a Doctorate of Jurisprudence, Highest Honors; and Read more »