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 »

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.

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.