TITLE INSURANCE

We Protect Your Real Estate Assets

TITLE INSURANCE COVERS:

  • Ownership of the property
  • Personal losses from prior liens or judgments on the property
  • Mistakes in examining records
  • Legal access to your property
  • Errors or omissions in deeds
  • Forgery
  • Undisclosed heirs
  • Title rejected by a subsequent buyer due to a title defect or lien

TITLE INSURANCE FOR PROPERTY OWNERS

Title insurance for property owners is usually issued in the amount of the real estate purchase price. It is purchased for a one-time fee at closing and is valid for as long as the owner (or beneficiaries) have an interest in the property. An Owner's Title Insurance policy protects the buyer should an issue arise with the title that was not discovered in the initial title search.

LENDER'S TITLE INSURANCE

Title insurance for mortgage lenders is called a Loan Policy. Most lenders require a Loan Policy when they issue a mortgage loan. The Loan Policy is usually based on the dollar amount of the loan and it protects the lender's interests in the property should a problem with the title arise. It does not protect the buyer. The policy amount decreases each year and eventually disappears as the loan is paid off.

Questions?

Speak with a Real Estate Lawyer

 

Todd W. Sivia

Attorney at Law

Sivia Business & Legal Services, P.C.

217 S. Main Street

Edwardsville, IL 62025

618-659-4499 - www.sivialaw.com

CONTACT NOW

P: (618) 654-7675

F: (618) 551-2604

info@midwestescrow.com

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