Year after year thousands of families are making the move to the Dallas/Fort Worth Metroplex and it’s not hard to see why. Steeped in culture and rich in history the area offers a booming economy great schools and a low cost of living. In this busy real estate market Old Republic Title understands the needs of buyers sellers and those who are refinancing homes or commercial property.  As you approach closing day for your real estate transaction it’s easy to overlook the single most important step in the process – protecting your real estate investment with title insurance.

What is a title?

Title is the legal right a person has to the ownership and possession of property. As alarming as it seems it’s possible that someone other than the seller has a prior legal right to the property you’re buying. Owner’s title insurance protects you against covered risks affecting the title to your home.

What can make a title defective?

Common problems affecting titles include claims by missing heirs and/or ex-spouses tax liens forged signatures in the chain of title recording errors and title search errors. Without the protection of owner’s title insurance these prior hidden “defects” are dangerous and may go undiscovered for months or even years after you purchase your home.  You could be forced to spend a substantial sum on a legal defense to fight existing debt or legal disputes that could still result in the loss of your property.

How does title insurance offer protection?

When you purchase title insurance an exhaustive search of public records is conducted to ensure that your title is clear. An owner’s title policy protects you and your family against future loss if a covered title risk is ever claimed against your property.

How much does title insurance cost?

The one-time premium is directly related to the value of your home. Typically it is less expensive than your annual auto insurance. Paid once when you purchase your home the policy continues to provide coverage for as long as you or your heirs own the property.

Old Republic Title

Since 1907 Old Republic Title has provided title insurance and related real estate transaction and mortgage lending products and services to consumers lenders businesses and government agencies. Today millions of homeowners businesses and property developers count on the company to safeguard them from costly time-consuming title disputes. As one of the largest title insurance companies in the nation Old Republic Title has a reputation for unsurpassed financial strength ratings and unparalleled service. With around 3,800 employees and a network of more than 8000 title agents nationwide Old Republic Title has the knowledge experience and depth of resources to handle your title insurance and real estate settlement transaction from start to finish.

For more information visit today.

Old Republic Title’s policy-issuing underwriters are Old Republic National Title Insurance Company and American Guaranty Title Insurance Company. This material is for educational purposes only and does not constitute legal advice. We assume no liability for errors or omissions. | © 2016 Old Republic Title