WHY DO YOU NEED TITLE INSURANCE?
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WHY DO YOU NEED WHY DO YOU NEED TITLE INSURANCE? TITLE INSURANCE? August 28, 2013 August 28, 2013
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WHY DO YOU NEED TITLE INSURANCE?. August 28, 2013. WHY DO YOU NEED TITLE INSURANCE?. If you get a mortgage. WHY DO YOU NEED TITLE INSURANCE?. A deed in the chain of title is only as strong as its weakest link. WHY DO YOU NEED TITLE INSURANCE?. - PowerPoint PPT Presentation
Transcript of WHY DO YOU NEED TITLE INSURANCE?
WHY DO YOU NEED WHY DO YOU NEED TITLE INSURANCE? TITLE INSURANCE?
August 28, 2013August 28, 2013
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE? INSURANCE?
If you get a mortgage. If you get a mortgage.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE? INSURANCE?
A deed in the chain of title is only as A deed in the chain of title is only as strong as its weakest link.strong as its weakest link.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
A deed or a mortgage may have been A deed or a mortgage may have been signed by a person under age.signed by a person under age.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
A deed may have been made under a A deed may have been made under a power of attorney after its termination or power of attorney after its termination or
outside the scope of.outside the scope of.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
A deed may have been made by a person A deed may have been made by a person other than the owner, but with the same other than the owner, but with the same
name as the owner.name as the owner.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
The testator of a will might have had a The testator of a will might have had a child born after the execution of the will, a child born after the execution of the will, a fact that would entitle the child to claim his fact that would entitle the child to claim his
or her share of the property.or her share of the property.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
A deed or mortgage may have been A deed or mortgage may have been procured by fraud or duress.procured by fraud or duress.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Claims constantly arise due to marital Claims constantly arise due to marital status and validity of divorces. Only title status and validity of divorces. Only title
insurance protects against claims made by insurance protects against claims made by non-existent or divorced non-existent or divorced
"wives" or "husbands.""wives" or "husbands."
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
A deed may be voidable because it was A deed may be voidable because it was signed while the grantor was in signed while the grantor was in
bankruptcy.bankruptcy.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Title transferred by an heir may be subject Title transferred by an heir may be subject to a federal estate tax lien.to a federal estate tax lien.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
An heir or other person presumed dead An heir or other person presumed dead may appear and recover the property or may appear and recover the property or
an interest therein.an interest therein.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
By insuring the title, you can eliminate By insuring the title, you can eliminate delays and technicalities when passing delays and technicalities when passing
your title on to someone else.your title on to someone else.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Title insurance helps speed negotiations Title insurance helps speed negotiations when youwhen you’’re ready to sell.re ready to sell.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Over the last 24 years,Over the last 24 years,
claims have risen dramatically.claims have risen dramatically.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Title insurance covers attorneysTitle insurance covers attorneys’’ fees and fees and court costs to defend your rights.court costs to defend your rights.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Title insurance reimburses you for the Title insurance reimburses you for the amount of your covered losses.amount of your covered losses.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Each title insurance policy we write is paid Each title insurance policy we write is paid up, in full, by the first premium for as long up, in full, by the first premium for as long as you or your heirs own the property.as you or your heirs own the property.
WHY DO YOU NEED TITLE WHY DO YOU NEED TITLE INSURANCE?INSURANCE?
Who pays for the title insurance policy?Who pays for the title insurance policy?
Who pays for the title insurance policy Who pays for the title insurance policy when refinancing? when refinancing?
Who should get to chose their title Who should get to chose their title insurance provider?insurance provider?
YOU!!!YOU!!!
Public Service AnnouncementPublic Service Announcement
Cookie Pocchia Cookie Pocchia RE/MAX Properties UnlimitedRE/MAX Properties Unlimited
Mary Ziegler Mary Ziegler Prospect MortgageProspect Mortgage
Jeanmarie Dunn Kean, Esq.Jeanmarie Dunn Kean, Esq.
Barli & AssociatesBarli & Associates
