Title Insurance Protects Your Home Investment

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Purchasing a home is probably the single biggest investment you will ever make. Before closing on the house, you'll want to know that no individual or entity has a right, lien or claim to the property.

A title insurance company ensures that your new home is free of encumbrances and other legal obstacles.

For a modest, one-time title insurance premium, you will receive continuous title insurance protection equal to the purchase price of the property or its current market value.

The title company searches the property's title history. The title company can usually find any title problems that may arise and have these problems cleared-up prior to closing.

Because Real Estate Law is so complex, you need an expert to make sure that all previous transactions have been correct, so you don't end up with legal problems or a problem selling your property. Your owner's policy will describe the property and outline any recorded limitations on your ownership. It will also cover what the title company is responsible for. Title insurance covers the following:

  • Contested title — This usually happens when someone who owned or even lived in the home before you claims to still hold an interest. In this case, the title company will defend your title at no expense to you.
  • Defective title — This is a general term for a legal problem with the title that cannot be corrected and includes "contested title" above. Other examples of title defects include problems with legal access to the property, easements that make the property less usable, unusable, or unsaleable. Any number of other complex problems define "Defective title" or "Clouded Title." The title company will discover these problems, or should they miss them, protect you from financial loss - up to the amount of the policy.

Alternative Mortgage Group can answer questions about title insurance and many others. Give us a call at 561-395-4264.


Alternative Mortgage Group

80 SW 14 Ave
Boca Raton, FL 33486