Protecting Your Home with Title Insurance

	Looking for mortgage advice? We'll be glad to answer your questions about our mortgage offerings! Give us a call at 2147390569. Ready to begin? Apply Online Now.

The biggest investment you will make in your lifetime will probably be the purchase of a home. Before you close, you will want to know that no individual or entity has a lien or claim to the property.

A title company ensures that your new home doesn't carry encumbrances and other legal obstacles.

For a modest, one-time title insurance premium, you will receive continuous title insurance protection equal to the purchase price of the property or its current market value.

The title company performs an extensive search on the property's title history. The title insurance company can almost always find any title problems that may arise and have these problems cleared-up prior to closing.

Real Estate law is extraordinarily complex. Title companies make sure that all the T's are crossed and all the I's are dotted so you don't end up with a clouded title and legal problems. Your owner's policy will describe the property and outline the limitations on your ownership. It will also set forth the title company's responsibilities should any claim covered by the policy terms arise. Title insurance usually covers:

• Contested title — Someone, usually a previous owner or occupant, claims they still own the property or have not given up their claim. In this case, the title company will defend the title at no expense to you.
• Defective title — This is a general term for a legal problem with the title that cannot be corrected and includes "contested title" above. Other examples of title defects include problems with legal access to the property, easements that make the property less usable, unusable, or unsaleable. Many other complex problems define "Defective title." The title company will discover these title problems, or should they miss them, insure your loss up to the amount of the policy.

At American Mortgage Advisers, Inc, we answer questions about this process every day. Call us: 2147390569.