Liens – can be placed against a title by any party with an
unpaid financial obligation against the property owner.
Menu
More than 30 years dedicated and committed to serve you
We at Hemisphere Title Company have an experienced staff of licensed professionals who are dedicated and committed to serve you. Our staff is efficient, courteous and well versed in handling all types of transactions.
We issue title insurance for both the homeowner and the lender. There are two types of policies. The owner’s title policy protects the interest of the Homeowner and the Mortgagee’s title policy protects the interest of the lender. The process starts with a comprehensive search of public records to determine if any liens or other encumbrances are attached to the title. One in four title searches uncovers some problem that must be rectified prior to the closing.
Liens – can be placed against a title by any party with an
unpaid financial obligation against the property owner.
Claims – against a property may come from missing heirs
or claims from ex-spouses or even from government, or
corporate entities. Also insanity or mental incompetency or
when wills are not properly probated or are misinterpreted.
Errors – may have occurred during the course of previous
ownership changes that could have included recording
errors, typographical errors, incorrect legal descriptions, or
title search errors resulting from undisclosed issues.
Fraudulent Activity – such as forged signatures or fraud in
the execution of documents. False impersonation or any
other fraudulent activity can invalidate any title work that
occurred from that point on.
Just how much is the title insurance going to cost you? Not as much as you probably think. Only a
small percentage of closing fees are actually for title insurance protection. Title insurance is less than
1 percent of the purchase price of your property and less than 10 percent of your total closing cost.
The Consumer Financial Protection Bureau (CFPB) created
the TILA-RESPA Integrated Disclosure (TRID) Rule to
improve mortgage disclosure forms to make it easier for
consumers to understand the terms of their loans and
closing costs. In order to ensure a timely closing, it is more
important than ever that you communicate with your
lender, real estate agent and settlement professional.
We at Hemisphere Title Company have an experienced staff of licensed professionals who are dedicated and committed to serve you. Our staff is efficient, courteous and well versed in handling all types of transactions.
We at Hemisphere Title Company have an experienced staff of licensed professionals who are dedicated and committed to serve you. Our staff is efficient, courteous and well versed in handling all types of transactions.
If you wish to speak to one of our agents to find out more about our
services or if you need to place an order contact us today!