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Title Insurance

This page is sponsored by:
Ron Ouellette	Stewart Title of Northern New England, Inc. 5 Franklin Street Concord, NH 03301 603-224-0401 or 800-539-1707 FAX: 603-224-2232 Cellular: 603-759-1961

WHY TITLE INSURANCE
Owning real estate is one of the most precious values of freedom enjoyed in this country. When you decide to buy a new home, you want to be sure the property will be yours and that no one else will have any liens, claims or encumbrances against your home other than your agreed to mortgage.

LOAN POLICY - LENDER
A loan policy insures your lender's security interest against loss due to defects in your title that were discovered at the time of sale. The loan policy offers no protection for the homeowner.

OWNERS POLICY
Just as lenders want security with their title policy, you should protect the equity in your new home with a title policy. For a low one-time premium, you can receive the protection of a title insurance policy against "hidden risks" or undiscovered interests. Ask your title agent for an owners policy. Your policy should be backed by the reserves and surplus of a reputable title insurance company.

The owner's policy provides:

Protection from financial loss due to covered claims that may be asserted against the title to your home, up to the face amount of the title policy.
Payment of legal costs if the title insurer has to defend your title against a covered claim.
Payment of successful claims against the title to your home covered by the policy, up to the face amount of the policy.

TITLE INSURANCE PROTECTION
Some common hidden risks protected under a title policy:

False impersonation of the true owner of the property by your seller or the other persons formerly in title
Forged deeds, releases and other documents
Deeds by persons of unsound mind
Deeds by minors
Invalid documents executed under expired power of attorney
Invalid deeds delivered after the death of the grantor
Deeds by supposedly single persons but actually married
Fraud
Liens for unpaid estate inheritance and gift taxes against prior owners of your home
Unrecorded easements - right of way
Undisclosed heirs of former owners of your home or the land on which it is situated

PEACE OF MIND
Once purchased, title insurance remains in effect for as long as you own your home. Title insurance adds security and peace of mind to home ownership.

Information above provided from Stewart Title Insurance.

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