Title Insurance = Peace of Mind

	In the market for a new mortgage? We can help! Give us a call at (207) 571-8034. Ready to get started? Apply Online Now.

The biggest investment you will make in your lifetime will probably be purchasing a home. Before closing on the house, you'll want to know that no other individual or entity has a claim or lien to the property.

A title insurance company ensures that your new home is free of expensive 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 company searches the title history of the property. The title insurance company can almost always find any title problems that may arise and have these problems cleared-up prior to closing.

Because Real Estate Law is so complicated, 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 owner's policy will describe the property and outline any recorded limitations on your ownership. It will also set forth the title company's responsibilities should any claim covered by the policy terms arise. Title insurance usually covers:

• Contested title — Someone, usually a previous owner or occupant, claims they still own the property or have not given up their claim. In this case, the title company will defend the 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". Other examples of title defects include problems with legal access to the property, easements that make the property less usable, unusable, or unsaleable. Any number of other complex problems define "Defective title" or "Clouded Title." The title insurance policy will protect you from these errors if the title company doesn't discover them.

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