WHAT IS TITLE INSURANCE?

Title insurance is a type of insurance that safeguards your interest in a property. Depending on the policy you choose, it can protect either the home purchaser (Owner's Policy) or the mortgagee (Lender's Policy). This insurance provides coverage against financial loss or legal obligations resulting from title defects, hidden liens, or other specified title issues. In essence, title insurance ensures that the property you buy is truly yours, and you won't be held responsible for any title problems that are not your fault.

WHO IS RESPONSIBLE FOR PAYING THE TITLE INSURANCE POLICY?

In most states, the buyer is responsible for covering the cost of the loan policy, also known as lender's title insurance. However, the party responsible for paying for an owner's title insurance policy can differ based on your state. This information is typically provided by your lender during the loan application and closing procedures.

WHAT ARE THE RATES FOR TITLE INSURANCE?

On average, the cost of title insurance is approximately $1,000 per policy, which covers the upfront work, ongoing legal services, and loss coverage. However, the actual price can vary significantly depending on your location and the value of your home.

HOW LONG DOES A TITLE SEARCH TAKE TO COMPLETE?

Typically, the entire title search process takes approximately two weeks.

WHAT IS THE EXPERIENCE LEVEL OF YOUR STAFF?

Our staff has accumulated over 25 years of nationwide experience dealing with various types of transactions, including commercial, purchase, refinance, home equity, and REO work.