What You Need To Know Before Buying Title Insurance

The first thing you need to know before buying title insurance is that the buyer has the final decision on what title agent to go with regardless of suggestions given by lenders or realtors.

Most states regulate the cost of title insurance so cost is typically not an issue, but there are other issues to consider when choosing a title agency.

Industry And Local Market Expertise

Only licensed title producers can sell title insurance but that isn’t the only thing that matters. Experience is key to being able to solve unexpected title issues. Founders Title Agency has a team of experienced and knowledgeable people that differentiates us from the rest.

Convenience

Founders Title Agency will bring the closing to the client. We are available to come directly to you so that it’s convenient and easy for you to get things done. Ask about our remote closing services.

Turn Around Time

Buyers want to close to be a fast and easy process so that they can get into their new home. Founders Title Agency can get the closing done in as little as just a few days, which can be great for all parties.

Courtesy

Always work with a title agency that meets your needs and is responsive. Friendly service, courtesy, and responsiveness are important factors of a title agency.

Cost and Quote

Most states regulate the pricing for title insurance, which means that the premium cost should be the same regardless of what title agency you choose. There are only a few states that do not regulate their title insurance policy pricing, which will make cost become a more important consideration. Premiums for title insurance are to be paid just one time, but always as for a breakdown of pricing so you know what you’re paying for and exactly how much.

The lender should have title insurance but only needs coverage for the amount of the loan. The homeowner needs insurance for the purchase price of the home. Discuss insurance with your attorney to find out if you need additional services within this. Also be sure to read the full policy to find out what restrictions may apply, just like you would any insurance policy.
title services

• Lender’s Policies
• Owner’s Policies
• Leasehold Policies
• Condominium And Co-Op Policies
• Survey And Inspection Services
• Title Searches
• Loan Document Preparation
• Closing And Escrow Services
• Recording Services

due diligence services

• Procurement of Municipality Letters Regarding Zoning And Compliance
• Procurement Of Zoning Reports
• Multi-Jurisdictional Lien And Litigation Searches
• Entity Formation And Qualifications
• National Recordings And Filing Services

foreclosure services

• Mortgage Foreclosure Searches
• Tax Lien Foreclosure Searches
• Mechanics’ Lien Foreclosure Searches
• Mortgage Foreclosure Certificates

additional searches

• Covenant Restriction And Easement Searches
• Full Or Short Period Title Searches
• Historical Searches
• Judgment And Lien Searches
• Municipal Searches
• Mortgage Searches
• Real Estate Tax Searches
• Partition Searches
• Surrogate's Court Searches UCC Searches

Additional Certificates

• Abandonment Certificates
• Business Certificates
• Condemnation Certificates
• Tax Redemption Certificates
• Zoning Lot Certificates

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