20 reasons


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Foreclosure vs short sale forkels title sales reps cal counties title nation

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20 reasons

  1. 1. WHY ALL REAL ESTATE TITLES SHOULD BE INSURED • Each title insurance policy we write is paid up, in full, by • A fire destroys only the house and improvements. The the first premium ground is left. A defective title may take away not only the house but the land on which it stands. Title insurance • If your title is ever defeated, title insurance reimburses protects you against such loss. you for the amount of your loss. • A deed or a mortgage may have been signed by a person • By insuring the title you can eliminate delays and under age. technicalities when passing your title on to someone else. • A deed or a mortgage may have been signed by an insane person or one otherwise not competent. • Title insurance helps speed negotiations when you are ready to sell. • A deed or a mortgage may have been made under a power of attorney after the death of the principal and could • Our insurance of a title means that you will have free therefore, be void. defense in court, in addition to the payment of any loss you may sustain. • A deed or a mortgage may have been made by a person other than the owner, but with the same mane as the • Unless you have the title insured, you cannot be sure owner. you will never suffer loss through title disputes after buying or lending on real estate. • The testator of a will might have had a child born after the execution of a will, a fact that would entitle the child to • Claims constantly arise due to martial status and validity claim his or her share of the property. of divorces. Only title insurance protects against these claims of supposedly non-existent or divorced “wives” or • A will may have been revoked by the testator after its “husbands”. execution. • Most lawyers, in giving an opinion on a title, protect their • A conveyance by heir-at-law of a person supposed to have clients as well as themselves, by procuring title died without a valid will may be defeated by subsequent insurance. discovery and probate of a will. • A judgement or levy upon which the title is dependent • An heir or other person presumed dead may appear and may be void or voidable on account of some defect in recover the property or an interest therein. the proceedings. • A deed or a mortgage in the chain of title may be a forgery.