ABOUT TITLE INSURANCE
Title insurance protects the insured (real estate owner and/or lender) against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property.
Defects include:
- improperly recorded documents
- fraud
- forgery
- liens
- easements
- undisclosed heirs
Purchasers and lenders need title insurance to be insured against these possible defects. Most lenders require a Loan Policy when they issue the mortgage loan. The Owner’s Policy is purchased for a one-time fee at closing and is valid as long as the owner has an interest in the property. Title insurance is a unique form of insurance. It provides coverage for future claims or losses due to title defects created by some past event prior to the owner acquiring the property.
ABOUT EVIDENT TITLE AGENCY
Evident Title Agency, Inc. is proud to offer superior customer service to all our clients. Our goal is to exceed expectations at every level of the process, while realizing the importance of accuracy and efficiency in meeting the needs of our clients. Evident Title Agency, Inc. boasts a team of title professionals with over 95 years of combined experience. We look forward in providing our services to meet your future needs.
Evident Title offers full real estate settlement and paralegal services.
As your Settlement Agent, we will perform the following services:
- Coordinate the closing and funding with the lender, attorneys, and parties to the Contract.
- Prepare all the necessary documents for closing, including the Closing Disclosure for Purchasers and Sellers.
- Disburse all proceeds in accordance with lender’s instructions and Closing Disclosures.
- Insure closing was performed in accordance with lender requirements, and title insurance requirements.
- Record all of the new documents with the appropriate governmental agencies, including Deeds, Mortgages, Discharges/Satisfactions, UCCs, etc.
- Follow-up with all parties in order to issue the title insurance policy.
WHY TITLE INSURANCE?
The following matters are examples of why title insurance is necessary. Remember, the best title examination or search cannot protect your equity and home from matters not appearing in the public records. Title insurance, however, will protect you from the following:
- Documents executed under false, revoked or expired powers of attorney
- False impersonation of the true land owner
- Undisclosed heirs • Improperly recorded legal documents, including defective acknowledgements due to improper or expired notarization
- Failure to include necessary parties to certain judicial proceedings
- Corporate franchise taxes as liens on corporate real estate assets
- Gaps in the chain of title
- Deeds by minors and by persons lacking legal capacity
- Inadequate or inaccurate legal descriptions
- Conveyances by undisclosed or divorced spouses
- Duress in execution of Wills, Deeds and instruments conveying or establishing title
- Probate matters, State and Federal inheritance and gift tax liens
- Errors in tax records; special tax assessments
- Construction liens; utility easements; community property issues
- Administration of estates and probate of wills of missing persons who are presumed deceased • Issues concerning the rightful conveyances by corporate entities
- Claims by creditors of decedent against property improperly conveyed by heirs and devisees
- Issues concerning unlawful takings by eminent domain or condemnation
- Forfeitures of real property due to criminal acts