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Title
insurance is extremely important when purchasing a house or piece
of property. Many Consumers are unsure about what title insurance
is and what it protects against.
Title
insurance provides a guarantee of ownership of your home against
any hidden defects or claims. Before a transaction involving a
loan or a sale of property is completed, First Priority searches
public land records for matters which may affect that title.
Here are some common issues:
• Unpaid taxes
• Missed easements
• Fraud and/or forgery
• Conveyance by a minor
• Undisclosed or missing heirs
• Mental incompetence
• Incorrect legal description
• Incorrect filing at county clerk location
Title
insurance will pay to defend against any lawsuit attacking the
title as insured and clear up the problem or pay the insureds
loss.
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