What is title insurance? ( Back to Top )
Title insurance refers to a specific type of insurance designed to protect property buyers from
claims arising from issues not resolved by the previous titleholder.
Why is title insurance important? ( Back to Top )
Much is at stake in the purchase of a property. Title insurance can save you time, money, aggravation, and most importantly,
protect you from the loss of your home if someone files a claim against you.
Are there different types of title insurance? ( Back to Top )
There are two general types of title insurance. The first one, lender’s title policy, protects the lender or mortgage company from
title defects up to the amount of the loan. This type is usually required by mortgage companies. The second type, owner’s title
policy, is an optional policy that protects a homeowner against claims.
What is a title search? ( Back to Top )
A title search is an evaluation of title records that aims to uncover any title defects or issues that may affect the property’s legal
ownership or marketability.
What types of defects and issues do title searches reveal? ( Back to Top )
Title searches seek to uncover owed taxes, liens, claims on the property, easements, ordinances, bankruptcy proceedings,
mortgages, CC&Rs (covenants, conditions and restrictions), and any other legal attachments that must be corrected before the
title can be transferred.
What happens if a title search reveals an issue with the title? ( Back to Top )
The issue must be corrected before you can continue your transaction. Depending on the issue, your title insurance will either
correct it, or if the claim is valid, pay the amount necessary to resolve it.
What is a HUD-1? ( Back to Top )
A HUD-1 is the closing form used in settlements. It includes an itemized list of all applicable closing costs and specifies the extent
to which each party is responsible for those costs.
Why do I need title insurance if I’m going to have a title search performed? ( Back to Top )
There are some title issues that a title search cannot uncover no matter how thorough it is. Title insurance will protect your interests
in cases where errors or other unforeseeable circumstances may lead to a legal claim.
The builder of my home already has title insurance. Why do I need to buy it again? ( Back to Top )
The builder’s title insurance policy protects only the builder. Title insurance will protect you from any legal claims, including those
that may stem from events transpiring since the builder’s policy was issued.
How do I learn more about title insurance and title searches? ( Back to Top )
If you are in need of a title search, title insurance, or other title-related matter, please contact us with any questions you might have.
You may also fill out our online order form and receive confirmation of your order via phone or fax.