Title Insurance protects lenders and buyers from financial loss after the settlement occurs, due to defects in the title existing prior to settlement.
Title Insurance provides you with a legal defense against covered risks that may cost thousands or possible cause you to lose your property.
You! The borrower has the right to chose their settlement agent and/or Title Insurer.
In most cases title insurance is paid for by the buyer/borrower at the time of settlement.
The title agent starts with a search and review of land records. They clear any defects in title that would prevent a transfer or lender in first lien position and most title agents provide escrow and closing services. Their final product is the issuance of a title insurance policy.
We know title insurance is complicated. Call us (410) 517-0750! We are happy to answer your questions. We are also regulated by the state the real property is located in. Another great reference is the state's insurance administration.
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