What Is The Importance of Title Insurance?

When it comes to owning your home, one of the key ways to know that you truly, legally own it is by purchasing title insurance at the time of closing. Coordinated by experts such as those at Colony Title Group, title insurance is the best guarantee of your rights to your property. But what exactly is it that title insurance does for you?

It protects you from prior claims.

Before you owned your home and property, chances are that somebody else did. Title professionals will check before you close to ensure that there are no outstanding claims made on the property and that there is no money owed on it by a third party.

It protects you from future claims.

If checking into the background of a property does not show any potential danger that does not necessarily mean that someone won’t try and claim ownership of the property. Knowing that you have the legal rights to your home can spare you the headache of dealing with claims against it; you’ll be secure in the knowledge that you have title insurance.

It protects you from fraud.

Sometimes, people do have legal standing when they make a claim on your property. But often, you could encounter problems with fraudulent real estate sellers. Without your knowledge, you could be sold a property that the seller knows legally belongs to someone else. Don’t let this happen to you- contact Colony Title to ensure the best, most thorough quality title insurance search possible.

title search findings

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings per year in the central Maryland area. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the area.

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

You can also follow Colony Title on FacebookTwitter, and LinkedIn.

Source

http://www.homeclosing101.org/whyneed.cfm

 

 

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