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What Does Title Insurance Protect Against?
What Does Title Insurance Protect Against?

What Does Title Insurance Protect Against?

When purchasing or refinancing a property in Charleston, South Carolina, it’s important to understand the significance of title insurance. Title insurance protects home buyers and lenders against any existing or potential ownership disputes, legal claims, or issues related to the property’s title.

  • Protection Against Past Fraud: Title insurance covers you against previous fraudulent activity connected to the property’s title, helping to preserve your investment.
  • Legal Judgment Coverage: Title insurance shields you from unforeseen legal judgments and unpaid taxes associated with the property’s previous owners. If any outstanding debts or judgments emerge, the insurance company will cover the cost, protecting your financial interests. Title insurance provides coverage for future claims or future losses from past title defects. 

What Kinds of Insurance Are Available?

  • Lender’s Policy: When obtaining a mortgage, the lender requires a lender’s policy. This policy protects the lender’s investment in case of any title-related issues that could affect the property’s value.
  • Owner’s Policy: While not required but highly advised, an owner’s policy protects your investment as a homeowner and covers any potential legal costs or financial losses due to title defects.

What’s the Importance of a Real Estate Attorney?

When it comes to navigating the complexities of real estate transactions in Charleston, having an experienced real estate lawyer by your side is essential. Buxton & Collie, LLC can help you with:

  • Title searches: Making sure there are no hidden issues that could impact property ownership or affect future transactions.
  • Closing process: Guiding you through the legal documentation and addressing any concerns or questions that arise during the closing process.
  • Reviewing contracts and agreements: Protecting your interests by carefully examining contracts, negotiating terms, and ensuring everything is legally sound.
  • Resolving disputes: If any conflicts arise during the course of a transaction, Buxton & Collie, LLC has the experience to handle disputes and protect your rights effectively.

Partner with Buxton & Collie, LLC, Charleston’s trusted real estate law firm, and rest assured that your investment is protected every step of the way.

Contact Buxton & Collie, LLC Today

Contact us today to schedule a consultation with our experienced Charleston real estate lawyers. Let us help you navigate the complexities of real estate transactions and protect your investment.