Common Title Insurance Questions
What is Title insurance?
Title insurance policies protect a real estate owner or lender against loss or damage they might experience because of liens, encumbrances, or defects in the title to said property, or the incorrectness of the related search
What does Title Insurance Cover?
Title Insurance protects against claims from various defects such as another person claiming an ownership interest, improperly recorded, fraud, forgery, liens, encroachments, easements and other items that are specified in the actual policy.
What is Common Ways of Holding Title in a Co-Ownership?
Title to property owned by two or more persons may be vested in the following forms:
Community Property-Property owned by married couple or by registered domestic partners
Community Property with Right of Survivorship- Property owned by married couple or by registered domestic partners. This form of holding shares many of the characteristics of community property but adds the benefit of the right of survivorship similar to title held in joint tenancy.
Joint Tenancy-Property owned by two or more persons, who may or not be married or registered domestic partners, in equal interests, subject to the right of survivorship in the surviving joint tenant(s).
Tenancy in Common-Property owned by any two or more individuals in undivided equal or unequal fractional interests.
Who should I contact for any other title Insurance questions?
Contact me of course!!!
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