Introduction
Hidden liens and claims can cause unexpected headaches for property owners, potentially leading to financial losses or even challenges to ownership. Title insurance serves as a critical safeguard, ensuring your investment is protected against these risks.
- Common Hidden Issues Title Insurance Covers
- Unpaid Liens: Past debts tied to the property, such as contractor liens or unpaid taxes.
- Forged or Fraudulent Documents: Issues stemming from falsified deeds or fraudulent transactions.
- Unknown Heirs: Claims from previously undiscovered heirs who assert ownership.
- How Title Insurance Works
- Title Search: Identifies potential issues before closing.
- Policy Protection: Covers financial losses if claims arise after purchase.
- One-Time Premium: Buyers pay a single premium at closing for lifelong coverage.
- Why You Need an Attorney
While title insurance provides essential protection, having an attorney ensures a comprehensive review of the title search and policy terms, identifying any gaps in coverage.
Conclusion
Title insurance is your best defense against unexpected claims or liens. Strang Tryson’s attorneys can help you navigate the process, ensuring your property rights are fully protected.
Contact us today to learn how we can support your real estate transactions.
