Why Your Clients Need Title Insurance in Mesa County

Having a qualified professional that is well experienced in title searches and title insurance, can make your transaction a much smoother and safer process. That is why today at Advanced Title Company we want to give you some more information on just how important, title searches and title insurance is, and how it can best help prevent and protect against a devastating financial situation for you or your clients.

The Importance of a Title Search

Title insurance companies usually run a title search first in which an extensive and detailed search is made to uncover and find any and all of these doubtful alarms before the purchase is even made. In most events these problematic situations can be taken care of or avoided altogether if the buyer decides not to continue with the transaction due to these complications. Those mistakes, problems or other weary information that is encountered is then displayed and options and solutions can be offered before moving on with the transaction. Not all title insurance companies are able to take this on, many just show uncover the problems but lack the expertise to offer solutions. At Advanced Title Company we are able to provide complete answers and useful options. Contact us today, and find out how we can most be of help to you and your clients.

Title Searches Help Indicate Who Truly Owns the Property

It may sound silly that there is a possibility that the person selling the property is not the real owner, but in fact there are many situations that can come up that indicate that the real ownership of the land or home belonged to someone else. Therefore if you buy that property even if it seems that i was rightfully obtained by you, you still aren´t the owner. There may be intentional and unintentional cases in which not even the previous owner knew about the title defect or it may be that there is no way of knowing that someone else would be able to claim the property.

Title Companies Help Prevent Intentional Fraud

When a property is abandoned for a while someone else may attempt to impersonate the owners and try selling the property, this is an intentional fraud in which the seller is well aware of the situation and is taking advantage of the sellers. A well done, title search can prevent this fraud from happening and would likely prevent the sale from taking place. In the rare event that the sale was actually closed, a title insurance owned by the buyers would protect their investment and give them back their money, when the real owners came back to claim the home. This is a very rare event and there is a very minimal amount of these transactions. However, there are many other types of title problems and most of them are unintentional cases where not even the sellers could imagine something like that happening.

Title Insurance Protects Buyers Even From Unintentional Problems

Let us give you a clear example that illustrates an unintentional problem that was unknown by the seller and could cause problems if the buyer does not have title insurance on the property. Let´s say a man owned a home in which he lived with his wife and daughter and suddenly passes away. The wife and daughter decide to sell the house, the house is legally in good standing and the new owners move in, a few months later a young man arrives claiming that he is entitled to a share of the home because he was the son of the man that died, and was born from the women he had a secret affair with. The young man is indeed able to prove this, and takes his case to court where the judge grants him a share of the home, now, the new owners must buy out his part  of the house, on top of the mortgage the are already paying and all other payments they already made on the home. If they have title insurance, the title insurance would pay out the part of the young man and the new owners would not have to worry about this. Title insurance takes care of these and other unexpected situations that can become an added burdens.

Buy Safely With Title Insurance in Mesa County

Although there are many things that can go wrong with the title of a property, there is nothing for you to worry about when you have prepared and are protected with the right title insurance. To learn more on what you need to look for when choosing a commercial title insurance company to do business with, read our previous post here. Call us now at (970) 255-7677 to find out about our professional services and how we can help your clients invest safely.