Benefits of Title Insurance

Title insurance provides a broad range of benefits to all the parties involved in a real estate transaction.

  • Purchasers
  • Lenders
  • Sellers
  • Attorneys
  • Real Estate Brokers
  • Home Builders
  • The Community at Large

Purchasers…

Home buyers need protection against serious financial loss due to a defect in the title to the property purchased. Title insurance provides this protection. A title insurance policy will cover both claims arising out of title problems that could have been discovered in the public records, and those so-called "non-record" defects that could not be discovered in the record, even with the most complete search.

A title insurance policy will not only protect the insured owner, but also that person's heirs for as long as they hold title to the property, and even after they sell by warranty deed. A title insurance company will not only satisfy any valid claim made against the insured's title, but it will pay for the costs and legal expenses of defending against a title claim.

Credentials Title & Escrow is your one-stop source for title searches and title insurance; we ensure clean title and provide you with competitively priced title insurance policies to protect you and your family.
Lenders…

The overwhelming majority of real estate transactions are financed by loans from banks, savings and loan associations, credit unions, and commercial banks on behalf of their depositors. Lenders are essentially lending other people's money (i.e. deposits) and as such, must be concerned with the safety of the loans they make.  A title defect can be a costly mistake for the lender, as it places their loan at risk.

A policy of title insurance provides a mortgage lender with a high degree of safety against the loss of security as a result of a title problem. This protection remains in effect for as long as the loan is in effect.

Credentials Title & Escrow provides lenders with in-depth expertise on a wide variety of title related matters to facilitate the mortgage loan process.

Sellers…

An owner of real property whose interest is insured by an owner's title insurance policy has the assurance that the title will be marketable when selling the property. The title insurance policy protects the seller from financial damage if the seller's title is rejected by a prospective purchaser. Also, when the seller conveys with "warranties," the seller is still protected if the buyer sues because of a breach of those warranties.

A title insurance policy purchased through Credentials Title & Escrow not only protects you at the time of purchase, but also at the time of sale.
Real Estate Attorneys…

Title insurance enables the real estate attorney to provide the client with substantially greater protection than would be afforded by the attorney's opinion alone. The attorney's opinion is generally limited to recorded matters and the client can only recover from the attorney if the attorney is found to be negligent.

Credentials Title & Escrow is devoted to helping fellow real estate attorneys by assisting with title matters and the purchase of title insurance for their clients.

Real Estate Brokers…

The title insurance company and the real estate agent both seek to ensure that as many purchases as possible are closed to the satisfaction of all the principals in the transaction. From the broker's standpoint, the efficient and safe transfer of title will result in client satisfaction, increased prestige, and continued business.

Apart from the security that title insurance offers, most brokers have experienced numerous instances in which title insurance personnel have enabled them to close transactions that otherwise would have been delayed.

The attorneys at Credentials Title & Escrow are able to facilitate the job of the real estate broker and to minimize the inconveniences and costs to the homebuyer, by helping to avoid these delays.

Home Builders…

By providing various title insurance services and information to the home builder, the title insurance industry assists the builder in identifying and evaluating building and use restrictions, easements, etc., in removing title problems that may arise, and in facilitating prompt and needed disbursement of construction funds from the construction lender. All of these services ultimately rebound to the benefit of the buyers of newly constructed homes.

Credentials Title & Escrow has established relationships with home builders in identifying and rectifying title issues, and in construction loan disbursements.

The Community In General…

Apart from the unique benefits title insurance offers to particular parties interested in a real estate transaction, title insurance companies can and do offer considerable assistance to public officials through the use of their "title plants" – the data banks of reorganized and indexed public records that are maintained in many areas of the country.

Much of the information contained in title plants is not readily available from other sources. This fund of information about the date of recent sales, representative sale prices, ownerships, area maps, use restrictions, surrounding properties, and a host of other matters pertinent to proposed projects, has helped representatives from all levels of government save countless hours and taxpayer dollars. In addition, title plant people frequently help recording officers correct errors they discover in public indices and records.

Credentials Title & Escrow can assist in researching and analyzing title plant information and facilitating corrections that help clear title.


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