THE ZDRILICH LAW GROUP specializes in real estate law and can help guide you throughout the closing process. If you have any questions about owner’s title insurance claims, or about your real estate transaction in general, give us a call.
If you are involved in the transaction of a residential or commercial property, you need to know about lender’s title insurance. This type of insurance protects your lender against problems with the title to your property. However, lender’s title insurance only protects the lender against problems with the title. In order to protect yourself, you might want to consider purchasing owner’s title insurance.
There are several common occurrences in a residential or commercial property transaction that could result in losses for the owner or lender. These include:
Title insurance can help cover these and many other losses.
At THE ZDRILICH LAW GROUP, we help guide lenders, realtors, sellers, and buyers through the real estate transaction process. We specialize in real estate law and know exactly how to help with any of your real estate legal concerns. If you have any question about the process, or about lender’s title insurance claims, give us a call today at (1) 770.931.9604
If you are going through the real estate process, you may have already heard about owner’s title insurance. If you are a homeowner, this type of insurance is important because it can protect you from losses during the buying or selling of a property.
Owner’s title insurance protects the homeowner if someone decides to sue and say that they have a claim against the home from before the homeowner purchased the property. Often, claims come from a previous owner’s failure to pay proper taxes, or from a contractor who might claim that he or she was not paid for work done on the home before you purchased it.
Most lenders will require you to purchase lender’s title insurance, but this only protects the lender, not the homeowner. So if you are a homeowner, you will need to cover yourself by obtaining owner’s title insurance. This will help ensure that you are protected if you find out after the transaction that someone has a claim against the home.
THE ZDRILICH LAW GROUP specializes in real estate law and can help guide you throughout the closing process. If you have any questions about owner’s title insurance claims, or about your real estate transaction in general, give us a call.