What is the danger of loss | Title Insurance

What is the danger of loss?

If the lender has title insurance protection and the owner does not, what possible danger of loss exits?

As an example, assume real estate was purchased for $100,000. A down payment of $20,000 is made, and a lender holds an $80,000 mortgage lien, or beneficial interest. The lender acquires title insurance protecting its interest up to $80,000. But the purchaser's down payment of $20,000 is not covered.

What if some matter arises affecting the past ownership of the property? The title insurance company would defend and protect the interest of the lender. The purchaser, however, would have to assume the financial burden of his or her own legal defense. If the defense is not successful, the result could be a total loss of title, and the twenty thousand dollar down payment plus any additional equity built up over time.

The title insurance company pays the lender's loss and is entitled to take an assignment of the borrower's debt. The purchaser loses the down payment, other equity in the property that may have accumulated, and the property. And the balance on the loan is still due!

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Testimonials

Dear Realty Title, I just wanted to let you know what exceptional service received each
and every time I have closed with Cheri Bayer at Realty Title. I just recently had a very difficult contract to close and Cheri helped me through it every step of the way. I will even go as
far to say that it may not have closed without all her hard work. She got my clients
to the table and made it as pleasant as possible. I will continue to use Realty Title
because of Cheri. She is just wonderful!

Julie,

Crye-Leike Mt. Juliet Agent

I have been using Realty Title for 17 years and I am never disappointed!! I know my clients will be taken care of and the job gets done on time!! It's nice to know there is a Title Company that goes above and beyond every time!! Keep up the good work!!

Sherry Hulen,

Crye-Leike

The customer service at Realty Title is AWESOME! They are all so kind, very knowledgeable and willing to help with anything! I thoroughly enjoy working with all of them at my closings! They make them smooth and enjoyable for all involved!

Stephanie Fowler,

Crye-Leike

Realty Title has always exceeded my expectation and ensured that the Closing Package was ready early along with the Wiring Instructions. It's great to always have laughs and smiles with happy clients closing on time - hassle free! Thank you!

Jason Bailey,

Mortgage Investors Group

My experience with Realty title was by far better than I could have imagined. The process was seamless and stress free. I want to bring special recognition to Deanna Wood, our closing agent. She was fabulous to work with, and got our closing scheduled 2 days after I was approved. Customer service like this shows shows the strength of the company, and ensures that I will do business with Realty title again. Thank you for the great experience!

Brittany Threet,

Zander Insurance Group

I don't know how I would have come out of [the closing process] sane without you.

Catherine R.,

Client

Your Realty Title Experience: Peeps always strive to perform regardless of the circumstances. They work hard!

Harold Whittaker,

Crye-Leike