FREQUENTLY ASKED QUESTIONS

Title Insurance is an insurance policy that provides peace of mind insuring your legal right to own real estate free and clear of any past liens, judgments, and encumbrances from a previous owner.

If you are financing the purchase of a home, you will be required to purchase a title insurance policy to protect the lender from past liens, judgments or encumbrances clouding the title you will hold and that they are financing.

Cash purchases, not involving a lender do not require title insurance. However, the risk of a past issue clouding the title and your ownership of that property hardly seem worth the risk.

ONE Abstract will order a past lien search on the property and review it in detail for any past issues affecting your ability to own the property free and clear of any past liens, judgments or encumbrances. We will also verify all past taxes and utilities have been paid, work with the buyers lender to prepare all documents necessary to transfer the deed, and finally handle the actually closing itself with the Buyer and Seller. Once closing is complete, we will disperse all funds related to the transaction, record all documents including the deed and the mortgage and finally issue the title insurance policy giving you peace of mind.

The cost associated with a title insurance policy is actually regulated by the state and is based on the sale price. There are other fees related to the the transaction that will be disclosed to you and your mortgage lender for preparation of the documents related to the closing.