Warranty and Insurance

Title Insurance

When you sell a property, you are really selling the title to the property. This allows you the right to occupy and use the space. A title insurance covers you against loss of value from hazards and defects that may exist in a contested title. This includes forged signatures on deeds, fraud, unknown property heirs, liens and documentation errors. Title insurance protects the rights of new and existing homeowners from unforeseen circumstances that may cause loss or damage. There are two types of title insurance policies:

Owner’s Policy: This specific type of policy protects the homebuyer. It is the most beneficial way to protect your property rights, as well as your trustees, heirs, and beneficiaries.

Lender’s Policy: This is required by the homebuyer’s lender and protects only the lender’s interests. A lender’s policy is available until the mortgage is paid in full.

When you obtain a loan to buy your home, your lender will require that you purchase a Loan Policy of Title Insurance. When purchasing a home, it is important to talk to your lender, attorney, or real estate agent about title insurance. It is imperative to have a clear title when purchasing.

Construction

We know how essential the construction of your new building or home is to you. Our construction escrow services assist the owner, contractor and lender in making the construction work easier, and the funding development secure. This service protects both the owner and lender during the project and makes sure there are sufficient funds to finish the project and that payments are made for work that has been completed. Working with a title company to administer the process ensures construction liens are not recorded against the title as a result of construction performed on the property.