TITLE INSURANCE

What is Title Insurance?

A forgery 50 years ago; a deed executed under duress; bigamy that went unknown; an error by a clerk in the county recorder’s office; a misapplied tax payment: these are but a few hidden “title defects” that could cause you to lose your property. And, even if you don’t lose your property altogether, title problems could make it impossible for you to sell or even give it away. You don’t want a problem that occurred long before you bought your property to deprive you of ownership and your right to use or dispose of it. And you don’t want to pay potentially ruinous costs of defending your property rights in court. A title insurance policy is your best protection against potential defects which could remain hidden despite the most thorough search of public records.

There are two principal forms of title insurance: lender’s and owners’s:

Lender’s:

A lender’s policy protects the mortgage holder from effect in title that results in a loss.

Junior Loan:

A lender’s policy, with limited protection for the mortgage holder from effect in title that results in a loss.

Owner’s:

An owner’s policy protects against losses that may occur from a defect in your ownership or interest you have in the property.

Contact: Char Nordquist or Brian Rieckenberg with title insurance questions.
Email: tmtitle@tm-title.com