Many services are offered when somebody chooses to acquire a home. One of which is to ensure the property is a solid and safe investment. However, people may not be aware that when buying a home, they might be acquiring land that others have specific rights to. To put it simply, individuals may not be getting a ‘clear’ title. That is why Title Insurance Coverage is so important.
What is Title Insurance and what does it protect against?
Title Insurance, most commonly, is insurance coverage bought to secure the owner and the residential or commercial property, generally land, from claims against the owner of the home. Additionally, Title Insurance will cover you if somebody claims you do not own residential or commercial property that you do, in fact, own. Things such as a forged will or deed, a title transfer by someone underage, fraudulent impersonations, secret marriages, undisclosed heirs, invalid divorces, and false affidavits. These are just a few of the problems that can suddenly surface. Without the protection of Title Insurance, you will be in jeopardy of losing your investment.
How does Title Insurance protect you and your investment?
Having Title Insurance Coverage is incredibly essential for two reasons. Firstly, it covers any legal charges if you need to go to court to safeguard your title. Secondly, it covers any losses you might incur from an effective claim against the residential or commercial property. Depending upon the specific Title Insurance policy, you will be responsible, for all procedures involved, in proving your ownership of the property. Such practices include hiring an attorney for the defense and court proceedings. The correct type of Title Insurance policy will pay for the fees related to such procedures and reimburse you for the money spent if you win the case.
The Benefits of working with Curry County Abstract & Title Co.
Curry County Abstract & Title Co. serves all your Title Insurance requirements throughout New Mexico. While supplying complete Escrow Services, Curry County Abstract & Title Co. also offers Title Insurance for the security of the new land and home buyer. In addition, we thoroughly prepare and deal with all the final closing details with fast and precise service. Moreover, we offer online orders, assuring that we will never delay your transaction, professional Title examinations, Full Contract Collection Services, and Notary Services, among others. Hence, Curry County Abstract & Title Co. is dedicated to protecting your equity position for your real estate transaction with fast and accurate service, ensuring your financial stability and peace of mind.