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we're taking care of the details.
WHAT IS TITLE?
Title is your right to ownership and possession of your home or property. Title insurance helps protect you from problems that could affect your legal right to own your property. The title company helps uncover and fix problems and defects that could cause you to lose rights to your property.
WHAT HAPPENS IF THERE IS A PROBLEM?
The behind-the-scenes work of the title company promotes the efficient and secure transfer of real estate. Title insurance doesn't guarantee that you won't have a problem, but it does give you assurance that the title company will be there to help fix the problem or to compensate you financially on covered claims. Unlike other types of insurance, the title insurance premium is paid only once and lasts as long as you own the property.
A recent nationwide survey found that 38% of real estate transactions have defects in the title that are usually unknown.* If not remedied before you buy the property, these problems could hurt your right to own or enjoy the use of the property. Title companies pay millions of dollars each year in claims, losses and legal costs protecting the policy holders.
WHY IS TITLE INSURANCE SO IMPORTANT TO YOU AND YOUR FAMILY?
A title policy is your assurance the home you're buying is protected from covered title problems. It's simply something that you should have, so you can focus on all the other important issues that go with buying a home.
WHY IS TITLE INSURANCE SO IMPORTANT TO YOU AND YOUR FAMILY?
A title policy is your assurance the home you're buying is protected from covered title problems. It's simply something that you should have, so you can focus on all the other important issues that go with buying a home.
* according to the American Land Title Association
WhatRESEARCHING |
HowThe title company searches, reviews, and insures titles to land to help protect homebuyers and mortgage lenders.
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WhyDetermines if the property is insurable and notifies the buyer.
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SOLVING PROBLEMS |
Communicates with attorneys, surveyors, tax authorities and others to help cure title defects.
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To get the deal done and make the title insurable.
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BRINGING IT TOGETHER |
The title company acts as the central clearing house for activities related to closing the real estate transaction.
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Gets necessary documents signed to transfer ownership and files them with the county.
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CLOSING |
The title company coordinates and /or handles the closing and provides the parties with copies of relevant documents.
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Makes arrangements for proper payment and distribution of funds and issues the title policies.
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Helping Protect your most valuable asset... now and in the future.
This brochure is brought to you by the Texas Land Title Association, a trade association for the Texas title insurance industry. TLTA was founded in 1908 and represents more than 11,000 professionals, including title insurance underwriters, agents and their employees, and others who work with and for the industry.
Put your trust in one of TLTA's member companies. Go to www.tlta.com/directory to find a current list of members.
Copyright 2012 Texas Land Title Association
Put your trust in one of TLTA's member companies. Go to www.tlta.com/directory to find a current list of members.
Copyright 2012 Texas Land Title Association
Member of the TEXAS LAND TITLE ASSOCIATION