WHY DO YOU NEED TITLE INSURANCE? August 28, 2013

WHY DO YOU NEED TITLE INSURANCE?  If you get a mortgage.

WHY DO YOU NEED TITLE INSURANCE?  A deed in the chain of title is only as strong as its weakest link.

WHY DO YOU NEED TITLE INSURANCE?  A deed or a mortgage may have been signed by a person under age.

WHY DO YOU NEED TITLE INSURANCE?  A deed may have been made under a power of attorney after its termination or outside the scope of.

WHY DO YOU NEED TITLE INSURANCE?  A deed may have been made by a person other than the owner, but with the same name as the owner.

WHY DO YOU NEED TITLE INSURANCE?  The testator of a will might have had a child born after the execution of the will, a fact that would entitle the child to claim his or her share of the property.

WHY DO YOU NEED TITLE INSURANCE?  A deed or mortgage may have been procured by fraud or duress.

WHY DO YOU NEED TITLE INSURANCE?  Claims constantly arise due to marital status and validity of divorces. Only title insurance protects against claims made by non-existent or divorced "wives" or "husbands."

WHY DO YOU NEED TITLE INSURANCE?  A deed may be voidable because it was signed while the grantor was in bankruptcy.

WHY DO YOU NEED TITLE INSURANCE?  Title transferred by an heir may be subject to a federal estate tax lien.

WHY DO YOU NEED TITLE INSURANCE?  An heir or other person presumed dead may appear and recover the property or an interest therein.

WHY DO YOU NEED TITLE INSURANCE?  By insuring the title, you can eliminate delays and technicalities when passing your title on to someone else.

WHY DO YOU NEED TITLE INSURANCE?  Title insurance helps speed negotiations when you’re ready to sell.

WHY DO YOU NEED TITLE INSURANCE?  Over the last 24 years, claims have risen dramatically.

WHY DO YOU NEED TITLE INSURANCE?  Title insurance covers attorneys’ fees and court costs to defend your rights.

WHY DO YOU NEED TITLE INSURANCE?  Title insurance reimburses you for the amount of your covered losses.

WHY DO YOU NEED TITLE INSURANCE?  Each title insurance policy we write is paid up, in full, by the first premium for as long as you or your heirs own the property.

WHY DO YOU NEED TITLE INSURANCE?  Who pays for the title insurance policy?  Who pays for the title insurance policy when refinancing?  Who should get to chose their title insurance provider?

YOU!!!

Public Service Announcement  Cookie Pocchia RE/MAX Properties Unlimited  Mary Ziegler Prospect Mortgage  Jeanmarie Dunn Kean, Esq. Barli & Associates