Title Insurance

What is title insurance?

Title insurance is an insurance policy that protects the insured against loss of his/her interest in the property due to legal defects in title, which existed prior to you taking title to the property.

Why is title insurance important?

The purchase of a home or other real estate is generally a significant investment. Having title insurance can save you money, time, trouble, and even your home, if a problem arises in your title.

What types of coverage are offered?

There are two types of coverage offered. The first is a Lender’s Title Policy This type of policy protects the Lender involved in the transaction (the Mortgage Company) to the extent of its loan. It does not protect the homeowners’ interest. This policy is generally a condition of your mortgage. The second type of coverage is the Owner’s Title Policy. This policy is optional, and it offers the homeowners protection against loss of their interest in the property due to a title problem arising, subject to the terms of the policy.

If a title search is conducted, why is title insurance still important?

Although a title search is conducted, the search could still fail to detect some problems that may affect your interest in the property. Some examples of these types of problems are: 1) incorrect information in the public records, 2) unsatisfied liens against the property, 3) claims to ownership from an undisclosed interest (i.e.: missing heirs, marital interests, 4) invalid deeds and/or transfers, 5) fraud or forgeries.

What is the difference between Title Insurance and other types of Insurance?

The main difference between title insurance and other insurance policies is that title insurance protects the insured party against defects in title that may arise as a result of prior ownership. Other insurance policies protect the insured from loss as a result of future actions and not against prior acts or omissions.

Ms. Templeton is a title insurance agent with The Security Title Guarantee Corporation of Baltimore, an established company which has been providing title insurance services since 1952.

If you have a residential real estate matter you would like to discuss, please feel free to contact the office for an appointment or send an e-mail direct to Ms. Templeton at

dtempleton@propertylawyersc.com

"Property is surely a right of mankind as real as liberty"  ‐ John Adams

Residential real estate

The Templeton Law firm is committed to providing expedient service and communicating with all parties involved so as to make the transaction as smooth as possible for you.

Commercial Real Estate Services

The firm provides a wide range of services for its commercial real estate practice, as no commercial transaction is exactly like the next.

Title Insurance

The purchase of a home or other real estate is generally a significant investment. Having title insurance can save you money, time, trouble, and even your home, if a problem arises in your title.

Contracts

Misunderstanding between parties as to the terms of a contract can often lead to dispute. Let The Templeton Law Firm help you with your contracts to make sure they are clear and consice for all parties.

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It is easy to imagine that estate planning is only for clients with vast assets or complicated family trees. The truth is that estate planning should be considered by just about everyone. Too often, a loved one passes with no will, resulting in a distribution of their estate in a manner that they never intended.

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Ms. Templeton is committed to helping clients assess the situation from the perspective of what they really want at the end of the day and then negotiating towards that end and bringing the matter to conclusion.