When purchasing a home, there are many steps involved to ensure the process goes smoothly. One of the often-overlooked yet crucial components of this process is title insurance. While title insurance might not be at the forefront of your mind when you think about buying a house, it’s an essential safeguard that protects your ownership rights and provides peace of mind throughout your home-buying journey.
What is Title Insurance?
Title insurance is a policy that protects both homebuyers and lenders from financial loss due to defects in the property’s title. The title refers to the legal rights to the property, and title insurance ensures that the title is clear of any issues that could affect ownership. In other words, it protects against claims from previous owners, errors in public records, or disputes over property boundaries that may arise after the purchase.
Why Title Insurance is Important
Even though a property may seem perfect on the surface, hidden issues with the title could emerge after you’ve bought the home. These issues might include unpaid taxes, undisclosed heirs claiming ownership, fraudulent claims of ownership, or mistakes in the title documents. Without title insurance, any legal disputes or claims that arise could lead to significant financial loss and could even result in losing the property.
Title insurance offers two types of protection: the owner’s policy, which protects the buyer, and the lender’s policy, which protects the lender’s investment. While the lender’s policy is often a requirement for financing, an owner’s policy is optional. However, securing both is highly recommended to safeguard your investment and provide you with confidence in your ownership.
The Role of a Title Company
A title company plays a critical role in ensuring that the title to the property is clear before closing. They conduct a thorough search of the public records to identify any potential issues or claims against the property’s title. Once they verify that the title is clear, they offer title insurance to protect against any unforeseen problems. They also facilitate the closing process, ensuring that all necessary legal documentation is in order.
Why Clients Love Working with Connie Minervino at Atlantic Coast Title Company, LLC
When it comes to securing title insurance and navigating the closing process, having an experienced and trustworthy title company on your side makes all the difference. That’s why so many clients love working with Connie Minervino at Atlantic Coast Title Company, LLC. With her years of experience and dedication to client satisfaction, Connie ensures that every step of the title process is handled with care, transparency, and attention to detail. Clients appreciate her expertise and commitment to making the closing process as smooth and stress-free as possible. Whether you’re buying your first home or refinancing an existing one, Connie Minervino and her team at Atlantic Coast Title Company, LLC are here to ensure that your title is clear, your rights are protected, and your home-buying experience is a success. Get in touch with Connie today!
Email: cminervino@atlancoast.com
Phone: 207-774-4400
Website: https://www.atlancoast.com/