Most Common FAQs For Title Insurance

title-insurance

Understanding title insurance is a key part of buying a home.

For many, the home is going be on the largest investments people make in their entire lives. In fact, buying with confidence is a desired trait, which is why more and more homeowners are reading up about the importance of having title insurance for any property they plan to purchase. To help better understand why homeowners need title insurance, here are some frequently asked questions along with answers that can explain the phenomenon that is title insurance.

What Exactly Is A Title?

The title of a property simply states that you have the right to use and own the property in question. In fact, title will establish any issues or limitations on those ownership rights to the property.

What Exactly Is A Title Search?

A title search occurs early on in the real estate process. In fact, the process itself which uses the public records, uncovers any potential hidden issues associated with the property’s title and deed. If a title issue is discovered during the title search, more often than not, this will typically be dealt with by a professional. Which is why people who purchase a property should always invest in an owner’s title insurance policy.

What Exactly Is Title Insurance?

When buying a home, title insurance is what will protect you from any hidden issues associated with the title or deed to the property. In fact, title insurance comes in two distinct forms. There is a lender’s policy that is always required when purchasing your home via a loan. And an owner’s title insurance policy which is never mandatory, but usually recommended.

A Title Insurance Company You Can Trust: Colony Title Associates

At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy and sell your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, LinkedIn, and Google+.

 

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