Residential Real Estate Title Services

A home is most likely the single largest investment most of us will make in our lives. Consequently, to buy with confidence, you need to get owner’s title insurance. It’s also the smart way to protect your residential real estate from legal and financial claims. To further help you understand how it works, here are answers to common questions:

What Is Title?

A title is your ownership right to your property.

What is a Title Search?

A title search is a standard part of the home buying process that is conducted to uncover issues that could prevent your right to the property. Your closing agent therefore reviews public records to see if there are problems or defects that could cause you legal issues.

What is Title Insurance?

If you’re buying a home, title insurance is a policy that protects your investment and also your property rights. As a result are two different types of title insurance: owner’s policy and lender’s policy.

Type 1: An owner’s policy ultimately protects your residential real estate rights for as long as you own the home.

Type 2: A lender’s policy is usually required by the lender and protects only the lender’s financial interests. Most of the time, the buyer pays for this policy, but this varies depending on geography.

Why Should I Purchase Owner’s Title Insurance?

Purchasing owner’s title insurance is a smart decision because it’s the best way to protect your property from future legal claims.

What Does Owner’s Title Insurance Cost?

The one-time payment for owner’s title insurance is low relative to the value of your home. Typically, the owner’s title insurance policy costs around 0.5% of the home’s purchase price.

How Long Am I Covered?

Your owner’s insurance policy lasts as long as you own your property. While your life might change over time, your peace of mind never will.

What Happens At Settlement?

You sign the legal documents and in conclusion, receive the keys to your home.