Protecting Your Home with Title Insurance

Are you looking for a mortgage loan? We can help! Call us at (337) 264-9990. Ready to get started? Apply Now.

Buying a home will likely be the biggest investment you make in your life. So before you commit to the transaction, you want to be certain that the "title" of the property is clear of other claims.

Determining that your rights and interests to the property are clear is the business of a title company.

You pay the title company a single premium which includes the cost of verifying clear title and covers you in case some fault is later discovered in the title.

The title insurance company performs an extensive search on the title history of the property. Through its research, the title company can usually identify any title problems and clear up these problems before you close on the property.

Because Real Estate Law is so complex, you need an expert to make sure that all previous transactions have been correct, so you don't end up with legal problems or a problem with the title to your property. Your title insurance owner's policy will describe the property and outline the limitations on your ownership. It will also cover what the title insurance company is responsible for. Title insurance covers the following:

  • Contested title — Someone, usually a previous owner or occupant, claims they still own the property or have not given up their claim. In this case, the title insurance company will defend the title and will cost you nothing.
  • Defective title — This is a general term for a legal problem with the title that cannot be corrected and includes "contested title" above. Defects are rare, but they can be very difficult, making the property inaccessible, unbuildable, or unsaleable. Many other complex problems define "Defective title." The title insurance company will discover these problems, or should they miss them, protect you from financial loss - up to the amount of the policy.

Universal Lending Services, Inc. can walk you through the pitfalls of getting a mortgage. Give us a call at (337) 264-9990.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question