Buying a new home is probably the biggest investment most people ever make, and if you’re like most people, you looked at a lot of homes before you finally made an offer. When the seller accepts your offer, that’s when the real work begins!
When you’re preparing for closing, don’t underestimate the importance of title research. Over a property’s lifetime, there are several issues and items that may affect property that can lead to title defects, which can result in lengthy delays in closing. That’s why we strongly recommend protecting yourself with title insurance! Our experts at First National Title Company are a phone call away if you have any specific questions about title insurance. Here are a few of the most common questions that we hear:
What does title insurance do for you? – Most real estate transactions run smoothly without any problems. But in the event of a title dispute, you could potentially face months in court, and thousands of dollars in unexpected legal fees. Title insurance’s key benefit is protection from out-of-pocket legal expenses.
What are title defects? – Title defects, also known as title clouds, are irregularities in the transfer of title that can affect the validity of the transfer. Some title clouds are due to fraud, forgery, or blatant misrepresentations during a sale, and some are simply honest mistakes, such as inaccurate property descriptions, unpaid taxes or unknown heirs.
Where can I buy title insurance? – While you’re preparing for closing, your realtor or title company should be able to recommend a provider, but don’t be afraid to shop around! When choosing a provider, be sure to ask for recent references, and see what people say about them them online!
Our team at First National Title has hundreds of combined years of experience with title insurance and real estate closings, and we want to earn your business! We have the most experienced and customer-focused team in the business, and we always offer a 100% satisfaction guarantee on all transactions! Contact us online, or visit any of our 13 convenient Arkansas locations!