Real Estate Title Insurance

Greenville, South Carolina

Our firm writes title insurance policies after a detailed examination of the records of property. Nonetheless, even the most thorough title search by the most experienced attorney cannot provide 100% assurance that no title hazards exist. In addition to matters shown in public records, other title problems may present themselves. Errors in legal documents recorded, forged legal documents, impersonation of the actual property owners, and many other things may cause issues down the road. A title claim can be long, arduous, and expensive, so we aim to ensure you are adequately protected. While we hope you never have a claim against your title, we advise protecting your investment.

 

Real Estate Title Insurance

Title insurance protects what is likely your most significant investment - your home.

The most important thing to note is that title defects are very costly without title insurance

In short, if someone files a lawsuit attacking your title, owner’s title insurance covers you. Your title insurance policy may pay your legal fees, resolve the title problems, or pay your covered loss. If you’d like to learn more about why title insurance is so vital in protecting your property please click the link to read the following article, “70-something ways you could lose your home.”  

Here are some of the most common title defects:

  • False impersonation by those purporting to be owners of the property
  • Forged deeds and documents
  • Undisclosed or missing heirs
  • Errors in legal documents recorded, or
  • Legal document misfiling, including improperly indexed documents
  • Clerical errors in recording legal documents
  • Deeds executed under false or expired powers of attorney
  • False affidavits; falsification of records
  • Mental incompetence of grantors
  • Unsatisfied claims not displayed on public records
  • Defective acknowledgments
  • Fraud in connection with the execution of documents
  • Incorrect representation of the marital status of a grantor
  • Wills not correctly probated (in some cases)
  • Birth of heirs after the date of a will (in some cases)

Types of Title Insurance Policies

Owner's Policy

  • Protects your total investment including your home equity up to the home’s purchase price.
  • A one-time premium pays the policy for as long as the owner(s) or their heirs have an interest in the property.
  • Protects the owner(s) from claims against title that predate the purchase of the property.

Lender's Policy

  • Is required by most banks and other mortgage lenders.
  • Protects the amount of the lender’s investment.
  • Policy value decreases as the loan principal is paid down.
  • Expires when the mortgage is paid in full.
  • Protects the lender, not the owner.