Q. Why do I need Title Insurance?

A. Real Estate has such a great value that many laws have been enacted to protect the owner of the property and the heirs of the owner. Also, many others may have rights in the property such as Mortgage and Lien Holders, Municipalities for Tax Liens, the United States for Federal Tax Liens and others for Minerals, Oil, or Air Rights. Because of these rights and the bundle of laws protecting the owners, and others that have an interest in the property, the purchase of real property must be done carefully and only after extensive investigation of the title. Even after and extensive investigation, the only protection against such things as: errors on the record, missing heirs, mental incompetence of the seller, marital status, etc, etc, etc, is by the purchase of a Title Insurance Policy.
 

Q. My present mortgage is covered by a Title Insurance Policy and now I am refinancing. Do I need another policy covering the new Mortgage?

A. Yes, you will need a new policy. The policy issued on your present mortgage insures that mortgage only. A different mortgage holder will require a new updated policy insuring it against loss.

Q. What happens if there is a claim against my property? Do I have to pay for the legal defense in the matter?

A. No! If the claim is one covered by the policy, the Title Company will hire legal counsel, at the company's expense, and take the action it deems appropriate to clear the claim. If the company is not able to correct the problem, your losses will be covered by the policy.


Q. Should I bring anything to the closing?

A. Yes, you should bring the following:

Picture ID
Certified funds or cashiers check
Homeowners insurance
Additional items requried by the lender

Q. Do you do closings for my Lender?

A. We are approved with over 125 lenders nationwide. If you request to have your closing with Mooreland Title Company and the lender states that we are not on their approved list, let us know. It is usually a simple process to be approved, and we can still do your closing. You have a right to choose your title company.

Q. Is a search of the title to my property necessary?

A. Yes. The title search is a prerequisite to the insurance of a title policy. It is the search that tells your insurer whether the title to your property is insurable. Therefore, a highly qualified, knowledgeable searcher is imperative, both for you and the title insurance company.

Q. What if a problem is discovered regarding the title to my property?

A. Discovery of the problem is usually 90% of the solution to the difficulty. Most of the time, the closing company, such as Mooreland Title Company, LLC, can resolve the difficulty. When the problem cannot be solved quickly, the discovery prevents further complications for you and an opportunity to correct the problem.