Realty Title Reference - Title Insurance


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	Title Insurance

	- Introduction - What is it - Protection - Lender/Owner Policies - Why do you need it - Danger of Loss - Refinancing Questions

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	Closing Process

What does title insurance protect against?

Here are just a few of the most common hidden risks that can cause loss of title or create an encumbrance on title:

Defective acknowledgements due to improper or expired notary.
Conveyances by undisclosed divorced spouses
Rights of divorced parties
False impersonation of the true owner of the property
Forged deeds, releases or wills
Undisclosed or missing heirs
Instruments executed under invalid or expired power of attorney
Mistakes in recording legal documents
Misinterpretations of wills and other probate matters
Deeds by persons of unsound mind
Deeds by minors
Deeds by persons supposedly single, but in fact married
Liens for unpaid estate, inheritance, income or gift taxes
Fraud
False affidavits of death or heirship
Adverse possession
Title searcher's mistakes or omissions
Forfeiture of real property due to criminal acts

What protection does title insurance provide against defects and hidden risks?

Title insurance will pay for defending against any lawsuit attacking the title as insured, and will either clear up title problems or pay the insured's losses. For a one-time premium, an owner's title insurance policy remains in effect as long as the insured, or the insured's heirs, retain an interest in the property, or have any obligations under a warranty in any conveyance of it. Owner's title insurance, issued simultaneously with a loan policy, is the best title insurance value a property owner can get.