Lenders require a title insurance policy to protect their investment. You should have a policy to protect your investment as well. For a one-time fee paid at closing, an owner’s policy can protect your property rights for as long as you or your heirs own the property. ...
A definition of the term "title insurance policy" is presented. It refers to a policy that should be issued to avoid the expense of a title problem. Such insurance policy will cover the buyer from any problem relating to the title of a property he or she has purchased. It is advised ...
Title insurance protects a property owner from any problems that have occurred in the past, and a policy extends backward indefinitely. What is a property title? What are potential problems with a title? What is a Title Search? What does a title search include? What are some oversights in...
Title insurance protects a property owner from any problems that have occurred in the past, and a policy extends backward indefinitely. What is a property title? What are potential problems with a title? What is a Title Search? What does a title search include? What are some oversights in...
An important part of title insurance is its emphasis on risk elimination before insuring. This gives you, as the policyholder, the best possible chance for avoiding title claim and loss. Title insuring begins with a search of public land records affecting the real estate concerned. An examination...
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Title Insurance is an insurance policy to protect against future loss resulting from various types of defects that may exist in the ownership of a piece of real estate. What kind of rights am I protecting? Your rights as an owner are called “Fee” insurance. The “Fee” is a legal term...
If a claim is made against your property, title insurance will, in accordance with the terms of your policy, assure you of a legal defense—and pay all court costs and related fees. Also, if the claim proves valid, you will be reimbursed for your actual loss up to the face amount of...
County Title Company of Peoria IL, real estate title searches, title insurance and closings. Helping homeowners, lenders, real estate agents and attorneys sell and finance real estate in Illinois.
s title insurance policy to protect the lender in the event that the seller was not legally able to transfer the title of ownership rights. A lender’s policy only protects the lender against loss. An issued policy signifies the completion of a title search, offering some assurance to the ...