Why do you need title insurance | Title Insurance

Why do you need title insurance?

Chances are, the purchase of real estate is the single largest investment you'll ever make. The loss of such an important investment would be catastrophic. It pays to be certain that the person selling the property has the ownership rights you think you're buying, but that's not always easy to determine.

An owner's rights to property - which often involve family and heirs - are sometimes obscure. There may be other parties (such as government agencies, lenders or private contractors) who also have rights to the property in the form of outstanding claims. How can you be assured that you will be the true owner of the property you're buying? Simply purchase an owner's title policy.

A lender goes to great lengths to minimize the risk of lending money for the purchase of real estate. First, credit is checked as an indication of the borrower's ability to repay the loan. Then, the lender seeks assurance that the quality of the title to the property to be acquired and which will be pledged as security for the loan is satisfactory. The lender does this by obtaining a loan policy of title insurance.

But, this policy only protects the lender's interest. It does not protect the borrower. That is why a real estate purchaser needs an owner's policy, which can be issued at the same time as the loan policy usually for a nominal one-time fee.

If the status of title is cleared before you buy, why do you still need title insurance?

Because even after the most careful research, some flaws, such as forgery, fraud or confusion due to similar names, may go undetected. These problems may surface at any time in the future.

Protection against future claims is provided by a title insurance policy which is issued after your transaction is complete. Policy terms and conditions determine the extent of coverage provided. This insurance policy insures the condition of title. Separate policies are usually issued to protect the owner's and the lender's interests.

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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