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So, why would you bother? Here's the kind of problems that title insurance addresses:

 

  • Marital status of owner incorrectly given
  • Deeds, wills, and trusts that contain improper vesting and incorrect names
  • Transfer of property by a mental incompetent or minor
  • Property line disagreement (i.e. a neighbor builds a fence over your property line)
  • Confusion due to similar or identical names
  • Outstanding mortgages, judgments, and tax liens
  • Easements
  • Incorrect notary acknowledgments
  • A forged deed that transfers no title to real estate
  • Previously undisclosed heirs with claims against the property
  • Instruments executed under expired or fabricated power of attorney
  • Mistakes in the public records

 

  


 

 

Owner's Policy


 

 

Owner’s Policies of Title Insurance have been drafted by the American Land Title (ALTA), the national
trade association of the title industry. These policies are accepted throughout the country.


The Owner’s Policy insures the interest of an owner in real property. Coverage is not limited to the public records by extends to matters not discoverable in the public records such as forgery, fraud, and errors in the records.


 

 

 

 

 

 

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©2008 Akron Title & Abstract Agency, Ltd.