Land and Title Company

Title insurance protects you and your lender if someone challenges your property title because of title defects unknown at the time you bought the policy. Possible title defects include: errors in deeds, mistakes made in examining records, forgery, undisclosed heirs, missing heirs, liens for unpaid taxes and liens by contractors. Before issuing a policy, the Title Company checks for defects in your title by examining public records, including deeds, mortgages, wills, divorce decrees, court judgments, tax records, liens, encumbrances and maps. The abstract determines who owns the property, what debts are owed against it and the condition of the title. Title Companies also handle property closings and hold earnest money in a trust account until a purchase is complete. More