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 Purchasing your home is an important decision. But how does one know that the property they purchased has a clear title? Because unknown problems can be hidden
in the history of a property's title, homeowners pay a title insurance company for title insurance. Tallent Title Group, Inc. provides title insurance through its
partnering afficialitations with
Fidelity National Financial, Inc.
and
Southern Title Insurance Corporation.
Title insurance is an insurance policy that guarantees the property title is free from the problems of hidden liens and claims. Tallent Title Group, Inc. searches public records
for the property to make sure there are no problems in the title's ownership and history. Our fee for title insurance is included in the itemization of closing costs from the
lender and is a one-time fee. Possible hidden title problems we may find can include:
• Errors or omissions in deeds
• Mistakes in examining records
• Forgery
• Undisclosed heirs
• Liens for unpaid taxes
• Liens by contractors
When you apply for a mortgage, you may be required to buy a Lender's Title
Policy, but that only protect the lender for the loan amount. Your Homeowner's
Policy protects against damage from fire or theft, but doesn't cover loss from
title defects.
By searching the history of the property's title, Tallent Title Group, Inc. can assure the new owner of clear ownership to their new property and that no
outstanding debts or unknown ownership issues are associated with their new home. In addition, besides securing a good search on a property's title, Tallent Title
Group, Inc. insures the property owner as long as he/she owns the property. Therefore, if a problem arises at a later date, your title insurance policy
will cover legal fees in defense of a claim against the property that is covered under the title policy.
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Related Articles:
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• Understanding the Title Insurance Commitment or Binder
• Title Insurance Policies
•
Good Reasons for Purchasing Title Insurance
•
Steps in the Title Process
•
Chain of Title
• Typical Title Insurance Policy Coverage and Features
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