Title Insurance = Peace of Mind

	Looking for a mortgage loan? We can assist you! Call us at (207) 571-8034. Want to get started? Apply Now.

Buying a home may be the biggest investment you make in your life. So before you sign on the dotted line, you must be certain that the property's title is free of other claims.

A title company ensures that your new home doesn't carry encumbrances and other legal obstacles.

For a modest, one-time title insurance premium, you will receive continuous title insurance protection equal to the purchase price of the property or its current market value.

The title insurance company searches the property's title history. The title insurance company can almost always find any title problems and clear up these problems prior to closing.

Because Real Estate Law is so complex, you need an expert to make sure that all previous transactions have been correct, so you don't end up with legal problems or a problem selling your property. Your title insurance owner's policy will describe the property and outline the limitations on your ownership. It will also cover what the title insurance company is responsible for. Title insurance usually covers:

• Contested title — This usually happens when someone who owned or even lived in the home before you claims to still hold an interest. If this happens, the title company will defend your title at no expense to you.
• Defective title — "Defective title" covers any number of problems with the title to your home. It can even include a "contested title". Defects are rare, but they can be very difficult, making the property inaccessible, unbuildable, or unsaleable. Any number of other complex problems define "Defective title." The title company will find these title problems, or should they miss them, insure your loss up to the amount of the policy.

Harbor View Lending* a DBA of Megastar Financial can answer questions about title insurance and many others. Call us: (207) 571-8034.