CB Title delivers the sophisticated solutions you need to ensure your residential real estate transactions run smoothly from contract to closing. From delivering title commitments to providing lenders information for loan estimates and closing disclosures, our experienced experts have the industry insight to expedite the entire process, freeing up your time so you can focus on more important things. CB Title is meticulous about every aspect of the transaction. With fluctuating closing schedules and lender requirements, we adeptly collaborate with you to help manage anything that comes your way. We maintain consistent correspondence with the seller, buyer, and lender – taking care of the finest of details so you feel at ease knowing you’re closing your residential transactions with a title company dedicated to surpassing the norm.
Understanding the importance of an owner’s policy.
Other types of insurance coverage focus on possible future events and charge an annual premium – such as flood insurance or hazard insurance that safeguard against loss from wind damage. Title insurance protects against loss from hazards and defects
According to surveys done by the American Land Title Association® (ALTA®), title problems consistently arise in one out of three real estate transactions (36%). An owner’s title insurance policy protects you against title problems arising from existing liens, encumbrances or defects in the title to the property and lasts as long as the policyholder or his or her heirs have an interest in it. Some examples of such defects might be improperly executed documents from a previous sale of a lien against a previous owner. And, this coverage is obtained for a one-time fee – unlike homeowner’s, auto or health insurance.
For more information on title insurance and specific coverage, contact us today or check out the links below.