Many people who make a first time home purchase question what Title Insurance is and the purpose it serves. Rightfully so, as a home purchase is one of the biggest investments a person will make in their lifetime. Since it shows up as an additional cost that is included with loan/processing fees and collected at closing, it is natural to question what it is and why it is necessary to have title insurance.
Title insurance insures a party to a transaction that their interest is protected in ownership from any future claims by other parties from any previous ownership. It is the most effective, yet least expensive way to protect your ownership rights.
Title insurance protects against:
Invalid Court Proceeding
Mistaken Legal Interpretation
Same name / Mistaken Identities
In short, it is the best protection to assure your ownership rights. At Ticor Title, our thorough preliminary title search, title examination and insurance policy can give you, the homeowner, excellent piece of mind that you deserve at this time of major investing.
Please call me for title insurance needs!