Title Insurance for Your Peace of Mind

Looking for mortgage advice? We will be glad to assist you! Give us a call today at 248-644-1200. Ready to begin? Apply Online Now.

Purchasing a home is probably the biggest investment you will make in your lifetime. So before you close, you need to be sure that that no one else can claim the property.

A title company ensures that your new home doesn't carry encumbrances and other legal obstacles.

You pay the title company a single premium which includes the cost of verifying clear title and covers you in case some fault is later discovered in the title.

The title company searches the property's title history. The title company can usually find any title problems that may arise and clear up these problems prior to closing.

Because Real Estate Law is so complex, you need an expert to make sure that all previous transactions have been correct, so you don't end up with legal problems or a problem with the title to your property. Your title insurance owner's policy will describe the property and outline the limitations on your ownership. It will also set forth the title insurance company's responsibilities should any claim covered by the policy terms arise. Typically your title insurance will protect you in the following cases:

  • Contested title — Someone, usually a previous owner or occupant, claims they still own the property or have not given up their claim. If this happens, the title company will defend your title at no expense to you.
  • Defective title — "Defective title" covers any number of problems with the title to your home. It can even include a "contested title". Defects are rare, but they can be very difficult, making the property inaccessible, unbuildable, or unsaleable. Any number of other complicated problems define "Defective title" or "Clouded Title." The title company will find these problems, or if they miss them, protect you from financial loss - up to the amount of the policy.

Prime Capital Mortgage Corp can answer questions about title insurance and many others. Call us: 248-644-1200.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question