Title insurance is a unique yet essential policy that safeguards your ownership rights in real estate property. Unlike traditional insurance policies that protect against future events, title insurance operates differently—it provides protection for past ownership issues that could impact your current ownership. This one-time premium is paid at the closing of your real estate transaction, ensuring you have peace of mind as you move forward with your investment.
The Importance of Clear Title
A clear title is a fundamental requirement for any real estate transaction. It confirms that you hold valid ownership rights to the property and that there are no legal claims against it. Without title insurance, you risk facing unexpected challenges that could threaten your investment. This is where the expertise of Themis Title comes into play.
Our team of title experts conducts a meticulous examination of the property’s history. We delve into public records and ownership documents to identify any potential issues that may affect your title. This thorough investigation checks for various factors, including:
- Claims: Any previous claims on the property that could challenge your ownership.
- Forgery and Fraud: Instances where previous ownership documents may have been forged.
- Tax Issues: Unpaid property taxes that could lead to liens or foreclosure.
- Liens: Existing debts tied to the property that may need to be resolved.
- Defects: Any errors or discrepancies in the property title.
- Judgments: Legal judgments against previous owners that could impact your rights.
By ensuring a “clean title,” we provide you with title insurance that protects your investment against these potential risks.
Types of Title Insurance
There are two primary types of title insurance:
- Owner’s Policy: This policy protects you, the property owner, against any defects or issues that were not discovered during the title search. It provides coverage for the duration of your ownership and is particularly important for homeowners who want to safeguard their investment.
- Lender’s Policy: This type of policy protects the lender’s interest in the property. It is typically required by lenders when financing the purchase of a home. While it does not protect the homeowner, it ensures that the lender is covered in the event of a claim against the title.
Why Choose Themis Title?
At Themis Title, we pride ourselves on providing exceptional title insurance services that prioritize your needs. Our dedicated team of professionals is here to guide you through every step of the title process, ensuring that you fully understand your coverage and the importance of title insurance. We are committed to protecting your investment and providing peace of mind as you navigate your real estate journey.
If you’re considering a real estate transaction or have questions about title insurance, reach out to Themis Title today. We’re here to help you secure your property with confidence!