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FAQs

Q?

Where can I get title insurance?

A.

You can obtain title insurance from any licensed title insurance company or its agents operating in your state.

Q?

Why is transferring the title to real estate different from transferring the title to other items, such as a car?

A.

Transfer of real estate can be more complicated, because land is permanent, and the usage of land and rights the use it can change over the years.

Q?

How long does title insurance last?

A.

The lenders title policy lasts until the mortgage is paid in full. The owners policy lasts as long as the owner or its heirs retain an interest in the property.

Q?

How much does title insurance cost?

A.

The rate for title insurance varies in different sections of the country. There is only a one time charge for title insurance, there are no monthly premiums.

Q?

What is the difference between title insurance and homeowners insurance?

A.

Homeowners insurance provides protection against theft or damage to the home. This can help you rebuild and buy new possessions. Title insurance, if you don’t have it, can cause you to lose the right to live in your home as well as the land it occupies.

Q?

What is a title search?

A.

A title search reviews the land records to determine past ownership and provide description of the property. These records include deeds, court records, property and name indexes, and other public documents.

Q?

Why do I need title insurance?

A.

There are two types of Title Insurance. The lenders policy protects the lender’s interest in the property, if a title dispute were to arise. The owners policy lasts as long as you, the home buyer or your heirs have interest in the property. Owners title insurance fully protects the buyer if there is a problem with the title, which was not found during the title search.

Q?

What is title insurance?

A.

Title insurance is a policy to protect the lender or owner against loss of property, in the event of an ownership dispute. Title insurance protects you against problems that occurred before you became the owner, as well protects your legal rights to own, possess, use, control, and dispose of land.