Title Insurance Will Protect You From These Common Title Issues


Title insurance can protect you even after the closing process is finished!

There are many things that can go wrong when it comes to your home’s title. In fact, if you’ve ever wondered why you need title insurance, title defects are a solid and valid reason. Your home may be brand-new to you, but that doesn’t mean it doesn’t have a long and tenuous history. A title search will help to uncover any potential title defects tied to a property. And, subject to the terms of the policy, title insurance will provide you with protection from title problems that are discovered after you end up closing on your home. Here are some of the more common title defects that people see when it comes to title issues.

Errors In The Public Records

To err is to be human. However, when it affects your homeownership rights, it can become a huge issue. In fact, those mistakes can be ultimately devastating. Clerical or filing errors do happen and end up having a huge effect on the deed to your home or survey of the property itself.

Unknown Liens

Prior owners of your property may not have been meticulous bookkeepers, or even great bill payers. In fact, while the debt they may owe isn’t necessarily yours, banks or other financial institutions can place liens on your property for any unpaid debts even after the property has been closed on. This is an especially worrisome issue when you purchase your home in either foreclosure or a short-sale.

Illegal Deeds

The chain of title on a property may appear to be just fine at first glance. But, that doesn’t mean that there aren’t any prior deeds that were either made by an illegal immigrant, a minor, or a person of unsound mind which would make the deed itself illegal and therefore void.

A Title Company You Can Trust: Colony Title

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 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+.


Tags: ,

Leave a Reply