Frequently Asked Questions:

Q: What is title insurance?

A. Title insurance is an insurance policy that protects you, the insured, from claims on the property in regard to ownership. It protects you against problems that occurred before you became the owner of the property. Title insurance also defends you in the event of anyone filing a claim against your property. Defending your property against a false claim can be costly and time consuming.

Q. What type of issues does Title Insurance protect me from?

A. Some of the most common problems covered by title insurance include fraud, forgery, judgements, unpaid taxes, liens, and other defects that could affect ownership rights to your property.

Q. Are there different types of Title Insurance policies?

A. Yes. There are two basic types of policies: the first is an Owner’s policy and the second is a Lender’s policy. The Owner’s policy protects the interest of the real estate owner, while the Lender’s policy protects the interest of the lender or mortgage.

Q: I am selling my home as an FSBO (For Sale by Owner) and have accepted an offer to purchase. Now what should I do?

A: You should send the offer to ITS along with the buyer’s contact information. It’s our job to serve as the coordinator between you, the buyer, and the buyer’s lender to organize the transaction through closing. This includes providing the title policy, preparing the closing statement and other documents, and disbursing the sale proceeds if applicable.