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One of the most confusing aspects of real estate - title insurance. It protects homeowners from fraudulent claims and errors in property sales and acts as a safeguard against title defects, which is why lenders require it. If you have any questions about title insurance, don't hesitate to ask! 😊 #mnrealtor #rochestermn #titlecompany #realestate #homesellingtips #homebuyingtips

Donnell Williams' article on unregulated title insurance "alternatives" hits on three important features of title insurance that are paramount to protect consumers and their assets: 1. Duty to defend the lender; 2. Issues that would not have been discovered by a simple search of public records; and 3. Coverage for fraud or forgery. Contact your friendly title professional for more information. #titleinsurance #alta #catic #realestate #caticIL

Residential Property Fraud Things that a homebuyer, buyer’s attorney, and title insurance provider should be aware of. Although it may be tough to spot a scammer, there are signs to be aware of that should prompt further investigation. While of course one of more of these issues does not mean fraud is definitely involved, but all involved parties need to have their antenna up! 1. The Property Is Owner-Unoccupied or Vacant 2. The Purported Seller Is Unable to Attend the Closing in Person 3. All Communication Is Electronic 4. The Seller Is Overly Agreeable to Making Concessions 5. The Seller “Happens to Know” a Local Notary 6. Property Is Unencumbered by Voluntary Liens, Such as a Deed of Trust 7. The Seller Tries to Rush the Pace 8. The Price Is Below Market Value, or the Price Recently Dropped Significantly Read more about each in an article from AmTrust Title here https://lnkd.in/eaVt79Ju. _____________________________________________ Whether Buying Commercial Or Residential Property In New York State, You MUST Protect It…That's Where Title Insurance And Due Diligence Comes In! Do Some Research Concerning The Title Insurance Provider That Will Be Used For Your Real Estate Purchase In New York! Watch 'Do You Ever Wonder About Title Insurance? Maybe You Haven't, But You Should’ at YouTube here https://lnkd.in/gGtX2Ddd. And remember that it’s your RIGHT to choose the title company you would like to use! Hallmark Abstract Service...You Buy Real Estate, We Protect It! #homebuyer #residentialrealestate #nyrealestate #longislandrealestate #nycrealestate #scams #law James W. Tarlton

Think title insurance only covers past issues? Think again! It's not just about human error in title searches but also offers protection against "blind liens," fraud, and forgery—even after you own the property. Did you know it also safeguards your heirs and certain entities you transfer the property to? For more information, click here: https://hubs.ly/Q02lSbZK0 To explore Tucker Arensberg, P.C.'s Real Estate Transactions and Title Insurance services visit https://hubs.ly/Q02lS8c50 #homeprotection #titleinsurance #propertyrights

Title insurance plays a crucial role in protecting property rights. On the latest episode of Lowenstein Sandler LLP's new real estate podcast Terra Firma, Stephen Tanico and Stacey Tyler discuss the importance of title insurance and explore what it encompasses--listen now! #commercialrealestate #realestatebusiness #propertyinvestments #realestatemanagement #realestatelaw

Title insurance is a crucial element in the home-buying process. It protects both the buyer and lender if any issues arise with the property's title. It also provides peace of mind and security, ensuring a smoother transaction. Learn more about why title insurance matters in this article! 🏡 #weareweststatetitle #titlecompany #titleinsurance #ILrealestate #illinoisrealestate

Did you know that title issues can cause closing delays? 🏡⁣ ⁣ According to NAR, 11% of closing delays are due to title and deed issues. ⁣ ⁣ A title search is an early step in the home buying process to uncover issues that could limit your rights to the property.⁣ ⬇️⁣ ⁣ If a title issue is discovered, most often your title professional will take care of it without you even knowing. After the title problem is fixed, you are able to purchase owner’s title insurance. ⁣ ⬇️⁣ ⁣ The title search allows the title professional to issue you a comprehensive title insurance policy.⁣ ⁣ ➡️ Sometimes undiscoverable defects can come up after the title search. Title issues may include forgery, fraud or clerical errors. Owner’s title insurance is the best way to protect yourself from losing your property!⁣ ⁣ For questions on title searches and title insurance contact a title insurance professional! ⁣ ⁣ #titleagent #fnfagency

Value of Title Insurance Another Story https://lnkd.in/gkbKpKsC #valueoftitleinsurance

❓🙋 What is title insurance? 📣 Title insurance is typically required as part of the closing costs. It covers research into public records to ensure that the title is free and clear. For current homeowners, title insurance (owner’s policy) protects them from claims against their property which happened before they purchased, such as a prior owner’s failure to pay taxes or contractors. Title insurance will cover legal fees and/or title disputes which may come up during the time they own the home. 🏡 In addition to the owner’s policy, there’s also a second kind of title insurance for the lender (lender’s policy) which is typically required when selling a home to a buyer who intends on financing. This lender policy (title insurance) will protect the lender from any claims made on the property the buyer is purchasing/financing. An owner’s policy of title insurance is optional, but paying for it once will protect from unexpected issues with the property’s title during the time that they own the home. Purchasing both policies is a good idea and may also be a requirement. The total cost for both is ca. 0.5-1.0% of the purchase price. ✅ ☎️ Mobile 602-517-4463 | Office 480-690-2117 📧 jason.peterson@exprealty.com 🌍 ArizonaMarketWatch.com 🌍 UtahMarketWatch.com #JasonHPeterson #JasonPetersonRealtor #Realtor #RealEstateAgent #eXpRealty #ListingAgent #SellerAgent #SellingAgent #BuyerAgent #FrequentlyAskedQuestions #FAQs #BuyingRealEstate #SellingRealEstate #Phoenix #Mesa #Scottsdale #MetroPhoenix #ValleyoftheSun

Title Insurance and insured closings = Priceless. If you weren't already convinced about the value of title insurance companies and title insurance, this article sums it up well and provides real statistics which would frighten the bravest of real estate buyers, sellers, and lenders. I appreciate that ALTA points out that unlike other lines of insurance, title professionals perform significant curative work upfront to resolve title defects before the transfer of property ownership rights—approximately 22 hours to close a standard transaction and 45 hours for more difficult transactions (which represent 36% of all transactions), according to a recent study by ndp | analytics. I can't tell you how much curative work goes into each file to get a transaction to closing. Statistics have shown that 1 out of 3 transactions have title defects. And, when claims arise, title insurers are there to resolve those claims for the policyholder and defend their property interests. In 2022 alone, insurers paid out $596 million in claims. This does not and will not happen with attorney opinion letters or any title waiver program. Add Fraud into the mix and the question is: Why would anyone NOT want to obtain title insurance and an insured closing through a licensed title agency? This is a great read-- #titlecompaniessavingtheday #CSS