Q. What are examples of title defects?
A. Liens, judgements, open or unsatisfied mortgages, missing heirs, forgeries and unpaid taxes are some example of title defects that a proper search of the public records may uncover.
Q. What does title insurance cost?
A. Rates are normally set by the Department of Insurance in individual states, based on the sales price or the mortgage amount. Please contact us for detailed information on a title quote.
Q. Who pays for owner's title insurance?
A. Generally, local custom in the individual county determines whether the buyer or the seller will pay for the title insurance and other closing costs. However, who will pay is a negotiable issue
and should be addressed in the contract for sale and purchase.