Most home sellers and buyers have been informed that obtaining title insurance will provide them necessary protection over possible title defects; but many remain uncertain about why this is so -- or even about what title insurance is. At MTS, we believe it is important to explain fully our services and products. The more you know about title insurance and its pricing, the more confident you'll be about coming to us for a policy.
A Seller's Concern: How Much Does it Cost?
A title insurance policy from MTS is much more cost-effective than other kinds of insurance you have had to purchase. For a single, one-time-only fee, we provide a title policy that remains effective until the property is sold to a new owner -- even if that doesn't occur for decades.
Why the Seller Needs to Provide Title Insurance?
Any prospective buyer will need evidence that their investment in real estate is free of title defects. In fact, most contracts of sale require it. The title insurance policy that is provided to a buyer represents a guarantee that property being sold is unencumbered by any legal notices or judgements that might limit or jeopardize ownership.
Why the Buyer Needs Title Insurance?
Without a title insurance policy, a buyer of property may not be fully protected against errors in public records, hidden defects not disclosed by the public records, or mistakes in examination of the title of your new property. As a result, a new property owner may be held fully accountable for any prior liens, judgments or claims brought against their new property. However, a title policy insures that if such an occasion arises, a buyer will be defended free of charge against all covered claims and paid up to the amount of the policy to settle valid claims.
What makes Micro Title Systems different?
At MTS, we're proud of our prestigious reputation. Since issuing our first title policy in 1985, we have strived to be an industry leader, issuing thousands of title policies since first opening our doors. Our focus on quality customer service and dependability makes us the first choice among informed real estate sellers and buyers.
