Get Peace of Mind with Title Insurance in Calvert County

Are you thinking about getting title insurance in Calvert County? If you’re buying a new home, you want to protect it as best you can. You might be investing in insurance for physical damage like flooding or fire. Title insurance protects you from damage that isn’t physical, but is just as dangerous. If someone makes a legitimate claim on your home’s title, you could end up losing your home if you’re not prepared. Learn how title insurance prepares you for whatever comes your way, and why it’s a smart investment for your new home in this week’s blog.

Title Insurance in Calvert County

Protection from Discoverable Title Problems

How much do you know about your home’s title? The title may have a lot more history to it than you think. Properties that have been around for a long time have probably changed hands many times, which means there is higher chance that there is a problem with the title. Here’s an example of a problem with a home’s title.

Let’s say a former homeowner owed money to a creditor and didn’t pay. The creditor may have had a lien placed on the home’s title, forcing the owner to pay. If the owner died without paying the debt, the lien would have remained on the property. If you purchased the property without knowing this, you would assume responsibility for the lien.

When you purchase title insurance in Calvert County, your title company will conduct a title search before you buy the home. The purpose of this is to find any problems with the home’s title by conducting an extensive examination of local land records. This way, you won’t get stuck with old liens, back taxes, or other problems.

Protection from Undiscoverable Title Problems

Some problems with your home’s title can’t be found, no matter how extensive the title search is. These include problems that are related to fraud, forgery, or filing errors. And while it may have been just a mistake, a simple mistake could create the possibility that someone else has a legitimate claim on your home’s title.

If you didn’t have title insurance, you’d have to fight this in court yourself, an expensive process which, in the worst case scenario, could lead to you losing your home. But when you have title insurance in Calvert County, you’re protected from these kinds of problems with your home’s title. And that peace of mind is well worth it for any homeowner.

title insurance Calvert County

Title insurance could be the difference that saves you your home. To learn more, contact Colony Title Associates today at 410-884-1160, or visit ColonyTitle.com today!

Tags:

Leave a Reply