Why you need title insurance
Title insurance protects you against hidden hazards, such as human error or fraud, that can cause problems in any real estate transaction.
When you purchase title insurance, a thorough title search is performed. Experienced title examiners review documents found in public records, looking for a proper chain of title from one party to the next. Title defects could be looming from past title transfers. Your property is pledged as security for your mortgage loan, so your lender requires their interest be protected by a Mortgage Title Insurance Policy. However, that policy does not cover you from title defects, which is why you need an Owner’s Title Insurance Policy. And most of the time that cost is paid for by the seller.
Why Title Insurance
It's your choice which title company you use
The title company performs the search of documents relative to your property. They will examine recorded documents and prepare a commitment to insure the buyer and the lender. Most times they will conduct the closing transaction and handle all the required paperwork for the city, state, and federal governments, as well as the lender and real estate agents.
No one can demand that you use a certain title company. The law (RESPA) gives you the right to choose. Today, it’s very popular for other real estate professionals and lenders to have some type of “ownership” in an affiliated title agency or some other type of joint investment. This affiliation is a “loophole,” creating a way to get around the illegality of a title company paying a referral fee to the real estate professional or lender’s business partner. It’s very important to know who you are entrusting these important responsibilities to. Be sure to ask him/her whose best interest is being served: yours or theirs.
America’s One Title refuses to affiliate with any real estate professional or lender. We are an independent agent, locally owned and operated. If you are referred to our company, you can be sure that referral is based on a solid relationship, built on high quality service and a professional working relationship...nothing else!
We encourage you to visit www.mailta.org to learn more about independent title agents and why they are a better choice for the consumer.
Glossary of Terms
"I describe America’s One Title as “Everyone’s Lawyer”. In a sense, they protect the legal interests of me, whatever position I have in the transaction, and also the interests of others."
- Duane Kelderman
It's our way of saying thank you!
Anyone can enjoy the benefits and savings of the ONE Club. It was created to offer our clients and the community Discounts and Savings on things you need around your home. The ONE Club also offers FREE Gift Cards from local businesses and much more:
Discounts and Rebates
$50 Cash Card on Satellite TV
$275 Rebates on Home Security
60% Off Closing Fees for Life