The Importance Of Title Insurance
Before purchasing a home, you need to ensure that your home does not have any significant issues and that the seller legally hands over the title. High Crest Settlement can do all necessary paperwork using your documents and file it with the County Records Office. We make sure that you understand each aspect of the process to feel empowered, prepared, and excited with this next step in the home buying process.
Why You Need Title Insurance
It is vitally essential for prospective homebuyers to thoroughly understand the process of purchasing a home and the potential risks associated with the property's title. Most people don't realize that the current owners of their prospective home — and their family and heirs — have extreme 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! It takes minimal effort to place a lien on a property, but it can take a lot of time and money to remove it. Title Insurance makes sure that you don't inherit anyone else's debt and can own your property free and clear of potential liens.
Protections You Can Expect From Title Insurance
Here are just a few of the most common risks that can cause loss of title or create an encumbrance on title:
- False impersonation of the true owner of the property
- Deeds by persons of unsound mind
- Forged deeds, mortgages, satisfactions, or release
- Undisclosed or missing heirs
- Instruments executed under invalid or expired power of attorney
- Erroneous or inadequate legal descriptions
- Misinterpretations of wills
- Deeds by minors (may be disavowed)
- Deeds by persons supposedly single, but in fact married