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Why are title services needed?
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To protect possibly the most important investment you'll ever make - the investment
in your home or property.
Many title problems can cause the complete or partial loss of your home or property.
Even the most careful search of public records will not find every title
problem. Because some problems are hidden, your title may appear to
be perfect, but in fact there may be a problem that is "a land mine
waiting to explode".
Here are just a few of the most common hidden risks that can cause a loss
of title or create an encumbrance on title:
- 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
- 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
Owner's title insurance protects you against financial loss caused by covered
title risks. The title insurer, without expense to you, will defend
you against an attack on the title to your property. The title insurer
will indemnify you against the defined financial loss up to the policy
limit. A one-time premium provides you with this valuable protection.
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