Four Reasons Why Title Insurance is Important

You’ve looked at several properties, and finally found the perfect one. All that’s left is to make the offer, and prepare for closing. Unfortunately, the seller may not always be in a position to sell, due to problems commonly known as “title clouds.” That’s why it’s important to buy title insurance. Without it, you could find yourself facing lengthy delays and exorbitant legal fees. Most title companies offer title insurance, but you’re probably wondering “with all of these title companies near me, which one can I trust?”

First National Title is one of the leading title companies in Arkansas, with 11 convenient locations to serve you! We have hundreds of combined years of experience in the title business, and we’re ready to make you our next satisfied customer! If you ever have any questions, we’re a phone call or mouse click away. An investment in title insurance protects you from these common title clouds:

Delinquent taxes, liens, and legal judgments

If a property owner’s creditors haven’t collected what they’re owed, they can file liens against real estate, which must be resolved prior to the transfer of title. Property owners must also resolve unpaid taxes, child support, and legal judgments before they can sell.

Unknown or unreported heirs

If a property owner dies without leaving a will, previously unknown family members with a legitimate claim to the property may appear. And even if there is a will, a crafty attorney can delay a real estate transaction for months, if not years, in probate court.

Clerical Errors

Typos happen all the time, but when they happen on a legal document, they create problems. Clerical errors are easy to resolve if caught early, but they can definitely cause delays.

Forgery and fraud

It’s easy to think of fraud as a big criminal conspiracy, but sometimes it’s something as simple as a forged signature by a motivated seller looking to speed up a sale. No matter what the intention, forgery and fraud can delay a sale for months.

Title disputes are inconvenient and expensive, and you don’t want to pay for them out of your own pocket! A small investment in title insurance is the best way to protect yourself, and the process is quick and easy. For more information, click here to contact First National Title Company, or visit one of our 11 Arkansas locations.