Three reasons why title searches are so important

Did you ever wonder why purchasing or selling a home can sometimes seem to drag on for a while? Sometimes, even the smoothest real estate transactions can take several weeks between an accepted offer and closing, and the amount of documentation involved can often be overwhelming. For most of us, it’s one of the largest individual transactions that we will ever go through, which is why we owe it to ourselves to be patient and thorough to avoid future problems!

Home title insurance is one of the most important investments that you can make during a real estate transaction. The cost of an owner’s policy of title insurance depends on the value of the home being bought or sold, but it’s a small price to pay compared to the expense of the legal fees that you’ll pay to address title defects or liens. Our team at First National Title is standing by to answer any specific questions that you have, but here are a few of the key reasons why title insurance is such a good investment:

Clean Closing-For starters, an investment in title insurance is a great way to protect yourself from any unexpected liens or encumbrances on title. Once our team of title examiners get to work, they will leave no stone unturned to make sure that the title can be cleanly transferred. This is good news for both the buyer and seller.

Protection from title clouds-Title clouds refer to a number of different problems that must be resolved before the title can change hands, and include unpaid taxes or legal judgments, delinquent child support payments or HOA dues, and in some cases, fraud and forgery. In the event that there are any clouds on the title, you will be protected from having to pay most legal fees out of your own pocket.

Peace of Mind-Buying or selling a home can be both time-consuming and stressful, but with a title insurance policy in place, you can have peace of mind. Your investment will be protected, and you can approach closing with confidence!

If you have any questions, contact us online, or call any of our 19 convenient locations listed below.