Our best advice regarding title insurance is to consider it prior to sitting down at the closing table. It is a relatively small fee, with coverage for life.
Are you aware of the many hidden risks that could affect the property you are about to purchase?
Thing to Consider Regarding Title Insurance
1. ..Forgery 2. ..Fraud in connection with the execution of documents 3. ..Undue influence on the grantor or executor of al will 4. ..False impersonation by those purporting to be owners of the property 5. ..Incorrect representation of material status of a grantor 6. ..Undisclosed or missing heirs 7. ..Was not properly probated 8. ..Mistaken interpretation of wills & trusts 9. ..Inadequate surveys 10. Incorrect legal description 11. Non-delivery of deeds 12. Unsatisfied claim not shown on the record 13. Deeds executed under false power of attorney 14. confusion due to similar or identical names 15. Dower or courtesy rights (homestead) of ex-spouse or former owner 16. Mental incompetence of grantors 17. Conveyance by a minor 18. Birth of heirs subsequent to the date of a will 19. Incorrect indexing of public records 20. Clerical records in recording legal documents 21. Delivery of deeds after the death of a grantor
Avoid Hidden Risks
Owner’s title insurance will not only protect you against hidden risks that would be not be disclosed even by the most meticulous search of public records by the bank attorney, buy will also pay for the legal fees required to defend your title as insured against these hidden risks. The premium is a one-time charge.