When you are buying or selling a home, title insurance is a crucial part of the process. CoreTitle offers the best title insurance services in Florida, New Jersey, Pennsylvania, and Michigan. Our team is happy to answer all of your title insurance questions and guide you every step of the way. Why work with CoreTitle? What is title insurance and what does the process look like? Find out now.
Title insurance is a type of insurance that protects buyers and sellers of real estate against title-related losses. It is typically issued to the buyer by a title company after they perform title searches and other due diligence activities during the closing process. Title insurance can protect buyers and sellers from title defects, fraud, liens or encumbrances, title disputes, or search errors. Title Insurance doesn’t guarantee that these defects don’t exist, but it protects the buyer or seller from being hurt by them. You’re protected from losses in the event of deeds not being recorded correctly, mistakes in legal descriptions, and much more.
For buyers, title insurance protects against title defects that existed before the purchase of the property. This means if a title defect arises that was not discovered in the title search process, title insurance can cover any resulting losses associated with it. Title insurance is a one time fee that provides you with coverage for the entire time you’re in ownership of the property.
For sellers, title insurance ensures that they have free and clear ownership of the property in order to transfer title to the buyers.
In addition, title insurance can also provide legal protection in the event of title-related disputes or litigation that arises after a purchase. This can be especially important if a title defect is discovered after closing and the buyer needs to bring a lawsuit against the title company or other responsible parties.
All in all, title insurance provides buyers and sellers with peace of mind that they are protected against potential losses or disputes. By understanding title insurance and its importance, buyers and sellers can be confident in their real estate transaction. Title insurance plays an invaluable role in protecting both parties from title-related losses or disputes, ensuring a smooth and successful home sale.
The title insurance process includes examining title records, verifying ownership of the property, ensuring that all taxes are paid, and more. After completing these activities, the company then issues title insurance policies to buyers in order to protect them from title-related losses or disputes.
What makes Core unique? We pride ourselves on keeping all of our clients informed about their purchases. We take the time to answer all of your title-related questions. We make closing a smooth and simple process. Our team at Core has handled countless titles, and we’re ready to take care of yours next. We offer services for everyone at every stage of property ownership. Get started today!
“Not your typical title insurance company. As a first time home buyer I had no clue what I was doing in terms of shopping for the right title insurance. Thankfully, Brian McGroarty, simplified everything for me, even the price! I would strongly recommend this company for anyone who is currently in the market.”
Nick Davis, First-Time Homebuyer