Title Insurance for Your Peace of Mind

	Searching for a mortgage loan? We'll be glad to answer your questions about our many mortgage solutions! Give us a call at 2157413131. Ready to begin? Apply Online Now.

The biggest investment you will make in your lifetime will probably be the purchase of a home. So before you sign on the dotted line, you want to be sure that the property's title is free of other claims.

Determining that your rights and interests to the property are clear is the business of a title insurance company.

You pay the title insurance company a single premium which includes the cost of verifying clear title and covers you in case some fault is later discovered in the title.

The title company searches the property's title history. The title insurance company can almost always find any title problems that may arise and clear up these problems prior to closing.

Real Estate law is extraordinarily complicated. Title companies make sure that all the T's are crossed and all the I's are dotted so you don't end up with a clouded title and legal problems. Your owner's policy will describe the property and outline any recorded limitations on your ownership. It will also cover what the title company is responsible for. Typically your title insurance will protect you in the following cases:

• Contested title — Someone, usually a previous owner or occupant, claims they still own the property or have not given up their claim. In this case, the title insurance company will defend the title at no expense to you.
• Defective title — This is a general term for a legal problem with the title that cannot be corrected and includes "contested title" above. Defects are rare, but they can be very difficult, making the property inaccessible, unbuildable, or unsaleable. Any number of other complex problems define "Defective title" or "Clouded Title." The title company will find these title problems, or if they miss them, insure your loss up to the amount of the policy.

At Net Equity Financial Mortgage LLC, we answer questions about this process every day. Give us a call: 2157413131.