Protecting your real estate transaction
Buying a new home, building or land requires more than an exchange of money. The law requires proof that the seller actually owns the property and that it is free from mortgages, liens and other complications.
At the very least, a title issue can impact your ability to use the property. At the most, a title problem can cause you significant financial hardship.
Schafstall Admire provides title search and insurance services to protect your transaction.
Our title professional searches public records for issues and reviews land records going back many years.
According to the American Land Title Association, more than one-third of all title searches reveal issues — which usually can be corrected before the sale is closed. Typical issues include:
- Liens for contractor disputes
- Unpaid property taxes
- Loan or mortgage defaults
- Fraud or forgery
- Conflicting wills
- Missing heirs
Title insurance is protection against loss arising from problems connected to the title to your property. This policy helps insure your rights to the property.
If your purchase requires mortgage financing, you will need to purchase title insurance to protect the lender.
Schafstall & Admire provides title insurance options to help you complete your real estate transaction more efficiently and effectively.