Colony Title Associates

Why You Ultimately Need Title Insurance

Discover why you need title insurance for your new home.

Title insurance is something that protects your rights of your property. In fact, when you purchase a home, the last thing on your mind is someone attempting to impersonate you to gain property rights to your home. As a result, having a title insurance policy in place can provide some incredible benefits least of which are a forgery of the deed or will. Here are just a few of the reasons why every single homeowner needs to purchase a title insurance policy.

Real Estate Fraud

It’s real and it’s scary. In fact, it’s a dangerous world living in a home without a title insurance policy. Think about what happens if there are undisclosed heirs to the property. Do you know who legally has the rights to own the property? It’s not you! As a result, protecting yourself and your family from losing the property rights you deserve is something title insurance protects you with!

Mortgage Lenders Require Title Insurance

At the end of the day, if you get a mortgage to pay for your home (which most people do these days), they will require that you get a lender’s title insurance policy. In fact, everyone is just looking to protect their interests. That is really the only reason the lender is concerned about a title insurance policy. Having an interest in your home, they want to make sure that whatever happens, they don’t lose that interest.

New Construction Protection

So you purchased a home that has just been built. Now, you might be wondering whether you still need a title insurance policy. The answer is always a resounding yes! A title insurance policy will truly protect you from any potential subcontractor liens, improper surveys, and prior owner defects. Therefore, take some time to get a title insurance policy if you somehow don’t have one already. It can save your life.

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+.