The Truths About Titles

In this blog post, we discuss a few commonly asked questions about title insurance.

At Foster Massengill, we receive questions about title insurance from clients who are purchasing a home for the first time, clients who are handling large commercial real estate deals, and any property purchase in between. We have years of professional experience outlining the intricacies of title insurance to our clients. 

This blog post discusses a few commonly asked questions about title insurance. This information, however, does not replace the value of seeking legal advice from an experienced title attorney. If you have questions about your specific situation, we encourage you to contact our office today for more information.

What Does Title Insurance Do? 

Title insurance protects a buyer should a problem with the title or property be uncovered after the sale. At Foster Massengill, we start by conducting a thorough title examination. After that, we provide a title commitment through an underwriter regarding the status of the title. If this is accepted, we issue the purchaser a title commitment, which outlines the terms and conditions and any exclusions that will be included in the insurance policy.

Title insurance is there to ensure that you are protected against things such as:

  • A Fraudulent or Forged Prior Deed
  • Any Unpaid Taxes
  • Construction Liens Against the Property
  • Incorrectly Listed Names
  • Missing Notary Signature 
  • Unpaid Mortgage Payments
  • Outstanding Home Equity Line 

Of course, this is not an exhaustive list of everything covered under title insurance, but you get the idea. If you purchase title insurance, you will be legally and financially covered from any title flaws that date from the time before the property was in your possession. Your policy protects you for as long as you own the property. If you plan to buy a home in Texas this year or your business is looking to transition from work-from-home to a new office space, the sooner you can sit down with a real estate title attorney, the quicker you can plan for full protection throughout the process.

Is Title Insurance Required? 

Title insurance is not required, but it’s always recommended. Purchasing a piece of property is a major financial decision, and doing so without title insurance adds a high level of risk to the transaction. Protecting yourself from potential title challenges, legal fees, and time engaged in litigation is worth the additional expense. 

How Do I Get Title Insurance? 

Contact Foster Massengill today to take steps toward taking full ownership of a newly purchased real estate. Call us at (972) 878-9105 or message us through the website to schedule your consultation today.

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