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Showing posts with the label title insurance Wooster Ohio

What Is Title Insurance?

It feels good knowing both you and your home are protected with title insurance.  What is title insurance? You may know that it protects your ownership, but what does that really mean, and how does that benefit you? Keep reading on as we get to the bottom of these questions.  The function of title insurance is to protect your property ownership. What many do not understand about title insurance is that it is a fundamental part of homeownership that can save you thousands (even hundreds of thousands) of dollars in the long run. For example, you are required to have a clear title if you would like to sell your home in the future and get a return on your investment. Another example is that, without title insurance, it may be hard to decipher whether you truly own your title (surging title fraud has made this problem even more difficult). If you don't, you technically do not have any legal rights to your property. This makes you susceptible to blindsiding property loss at any give...

The Benefits of Working with a Title Agency

  Acquire a secure and smooth title transaction for your new home with Southern Title of Ohio. You might think having a title agency on your side isn't necessary, but you'd be surprised by just how many little hiccups could come along in the process of homeownership. We've listed some of the ways we can assist you while encountering some of those hiccups:  Title Insurance Title insurance is especially useful in the event that the current owner of the home has a lien claim on the property due to substantial debt. Another reason title insurance is so beneficial is that the transaction process can be complex when family members and rightful heirs of the property are not notified. This could result in a complicated series of events and questions regarding who should claim the property, so it's good to trust a title agency like Southern Title for that extra layer of protection.  Title Search Services The title agency you choose to work with should offer extensive searches th...

Common Title Problems

Title Insurance is an extremely important part of buying your home. Sure, it might be new to you but the property still has a history you may not be aware of. Title Insurance covers you from problems you discover after closing on your home. While there are as many issues as you can imagine, as a title company in the Mansfield and Sandusky area we're going to talk a little about the ones our clients are at the most risk of experiencing. 1.  Public Record Errors - Clerical or filing errors could affect the deer of your property and may cause a financial strain to undo them yourself. 2. Liens - Unknown liens come from a previous owner that is behind on their payments. The debt stays with the property regardless of who owns it.  3. Illegal Deeds - Occassionaly deeds are signed by people who affect their validity. Someone who is a minor or a person who has been rule unsound of the mind can affect the future chain of owner's rights.  4. Forgery - A document t...