Serving Your Needs

Chances are the purchase of real estate is the largest single investment you will ever make. And most would agree the loss of such an important investment would be catastrophic. So it pays to be certain that the person selling the property has the ownership rights you think you’re buying. But that’s not always easy to determine.

An owner’s rights to property – which often involve family and heirs – are sometimes obscure. There may be other parties (such as government agencies, lenders and private contractors) who also have "rights" to the property, in the form of outstanding claims. How can you be sure you will be the sole owner of the property you are buying?

Title Insurance Works for You

Title insurance offers you information on the status of the title to the land before you buy --- and protection against claims that may affect the property you buy. Here is how it works:

• Before your real estate transaction closes, the public records are searched to find all related official documents.
• These documents are than examined for their effect and form the basis for the title insurance policy.
• The examination reveals the current status of ownership and encumbrances. Its shows the current record owner based on careful evaluation of all records. It also shows the current limitations on that owner’s property rights, such as outstanding mortgages and utility easements. A buyer or lender knows that some of these limitations should be removed (by paying off and releasing a prior mortgage for example), or they can continue to adversely affect the property after closing.

Protecting Your Future

If the status of title is cleared before you buy, why do you need title insurance? Because even after the most careful research, some flaws, such as forgery, fraud or confusion due to similar names may go undetected. These problems may surface at any time in the future.

Protection against future claims is provided by the title insurance policy, which is issued after your transaction is complete. Policy terms and conditions determine the extent of coverage provided. This insurance policy insures the condition of title. Separate policies are usually issued to protect the owner’s and the lender’s interests. This protection continues for as long as you own the insured interest, and without any additional fees.

Title Insurance is your Investment Protection

Real estate investment demands the best possible protection. That’s why so many investors obtain a policy of title insurance from Philip R. Seaver Title Insurance Company. Along with offering fast, accurate and complete title services, Seaver Title will protect you against loss resulting from any title loss covered by the policy (up to the policy amount) and costs, attorney fees and expenses it is obligated to pay.