What is a Title Insurance Claim?

Title Insurance What is a Title Insurance Claim? Facebook Twitter Linkedin A title claim is an action against your title insurance policy. A claim arises any time an insured seeks to be reimbursed from their title insurer for issues that have arisen with the title to their property. While the title clearing process is intended… Continue reading What is a Title Insurance Claim?

What is Title Insurance?

Title Insurance What is Title Insurance? Facebook Twitter Linkedin Let’s start with a simple definition of title insurance: Title insurance is a type of indemnity insurance that protects buyers, sellers, and lenders in a real estate transaction from the risk of defects in the title to a property.   Understanding title insurance begins with understanding title,… Continue reading What is Title Insurance?

What is Underwriting?

Title Insurance What is Underwriting? Facebook Twitter Linkedin Underwriting is the concept of one entity or individual assessing the risk that an event will occur that triggers a financial payout from an insurance policy. Every type of insurance requires some form of underwriting.   Underwriting processes vary based on what kind of insurance is being bought,… Continue reading What is Underwriting?

Why is Title Insurance Important?

Title Insurance Why is Title Insurance Important? Facebook Twitter Linkedin Title insurance is one of the central closing concerns in the closing phase of a real estate transaction. The need for it is often assumed and built into the real estate purchase agreement itself. Despite its presence in the vast majority of transactions, the actual… Continue reading Why is Title Insurance Important?

How are Final Policies Issued?

Post-Closing How are Final Title Policies Issued? Facebook Twitter Linkedin Almost as soon as the real estate purchase agreement is signed, the title clearing process begins. Throughout the closing process, your team will be working to build a complete picture of the title history, issue a title commitment, and clear any known liens or defects… Continue reading How are Final Policies Issued?

What is a Deed?

Deeds and Title What is a Deed? Facebook Twitter Linkedin Legal Documentation of Title A deed is a legal document signifying ownership of a particular piece of real property.   At its most basic level, a deed is a form, filed with the relevant state or county department, detailing who owns the property. In other words,… Continue reading What is a Deed?

What is a Quitclaim Deed?

Deeds and Title What is a Quitclaim Deed? Facebook Twitter Linkedin Quitclaim deeds are a particular type of deed available in most U.S. markets.  This is a common theme of our Academy, but understanding what title you are being granted, and how the kind of deed you are receiving may affect your title interest, is… Continue reading What is a Quitclaim Deed?

What is a Special Warranty Deed?

Deeds and Title What is a Special Warranty Deed? Facebook Twitter Linkedin A special warranty deed is one of the most common deed forms due to its flexibility for certain common situations. Essentially, the special warranty deed is a variation on the traditional warranty deed, but with a twist.  What makes the special warranty deed… Continue reading What is a Special Warranty Deed?

What is a Title?

Deeds and Title What is a Title? Facebook Twitter Linkedin The Right to Own Property The first thing you need to understand about title is:  Title is not a thing, it’s a right.  Many people think of title as a legal document showing ownership of your property, but that is actually a deed. You can… Continue reading What is a Title?

What are the Elements of a Deed?

Deeds and Title What are the Elements of a Deed? Facebook Twitter Linkedin A deed, like all legal documents, has certain key elements. These are shared by almost all types of deeds and important to understanding how a deed evidences your title to the property.  Below we’ve highlighted more specifics about each of these items… Continue reading What are the Elements of a Deed?