- TITLE SEARCHES AND RESEARCH PRODUCTS PROVIDED BY ATTORNEY’S TITLE FUND SERVICES, INC.: Anyone can research public records in order to ascertain a property’s history of ownership and liens. However, a professional title examiner is proficient in filtering through the overabundance of information and produce a more complete and accurate title examination. There may also be matters that won’t appear on local property records or searches. For instance, an heir or relative of a prior owner claiming an interest in the property may have a lingering claim not readily observable by the layman examiner. These adverse claims are considered a “cloud” on title. As a buyer of a property, or a mortgage lender being secured by real estate, a cloud on title can be expensive and arduous to address. At Rafael Fabian, P.A., together with our business partners, Attorney’s Title Fund Services, LLC, we provide thorough examinations, and warrant our work with policies of title insurance insured by Old Republic National Title Insurance Co.
- TITLE INSURANCE ISSUED BY OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY: Please don’t make the mistake of believing that all Title Insurance Policies are the same. Most title agents will issue title commitments and policies without explaining to insureds that the policy has several key exceptions. It’s these exceptions that truly determines the value of the title insurance issued. With over 20 years of issuing policies of title insurance, the firm has established a reputation for standing behind their policies and examinations. The firm also aims to educate the insured of matters insured and, more importantly, of those matters not insured. At its core, the purpose of title insurance is to eliminate the of risks of defects not discovered or overlooked in the examination of a certified title search, and insure against losses caused by defects in title arising out of events that occurred in the history of the title. The title insurance policy states, “if the status of title to a parcel of real estate is that other than as represented in the policy, and if the insured suffers a loss because of that title defect, the insurer will reimburse the insured for that loss and any related expenses, up to the face amount of the policy, with certain exceptions”. As an insured, it is equally important to know and understand both your coverages and your non-coverage.