Our Areas of Practice

Issuance of Title Insurance: Safeguard Your Property Investment

Protect Your Property with Comprehensive Title Coverage at Borders & Borders, PLC

  • Lender’s and owner’s title insurance policies for residential and commercial properties

  • Protects against past title defects, ensuring clear ownership

  • Covers legal fees and equity for discovered defects after purchase

Issuance of Title Insurance at Borders & Borders, PLC

Why Title Insurance is Essential

When you purchase property, whether residential or commercial, a title insurance policy is crucial to protect you from past title defects that may surface after the sale. While a lender’s title insurance policy is typically required by most mortgage lenders to protect their interests, the owner’s policy is optional but highly recommended to protect your investment. At Borders & Borders, we offer both lender’s and owner’s title insurance policies to give you peace of mind during your real estate transaction.

Title insurance ensures you are covered against a range of potential defects, such as forged deeds, undisclosed heirs, or clerical errors in public records. These issues may not be discovered during the standard title examination and could result in significant financial loss or even the loss of your property. By purchasing an owner’s title insurance policy, you’re securing not only your equity but also protection against costly legal disputes should a title defect arise.

Potential Title Defects

These are but a few of the many potential title defects that might affect the property you are purchasing, and without an owner’s title insurance policy, you won’t be protected against:

  • Forged deeds, mortgages, releases of mortgages and other instruments.

  • False impersonation of the true owner of the land.

  • Deeds executed under fabricated or expired power of attorney.

  • Deeds apparently valid but actually delivered after death of the grantor or grantee, or without consent of grantor.

  • Deeds by persons of unsound mind.

  • Deeds by minors.

  • Descriptions of properties apparently but not actually adequate.

  • Duress in execution of deed.

  • Defective notary acknowledgments.

  • Deeds by persons apparently single but actually married.

  • Undisclosed divorce of spouse who conveys as sole owner.

  • Undisclosed heirs.

  • Misinterpretation of wills, deeds and other instruments.

  • Birth or adoption of children after date of will.

  • Children living at date of will but not mentioned therein.

  • Discovery of will of someone thought to have died without a will.

  • Discovery of later will after probate of first will.

  • Administration of estates and probates of wills of person who murdered the decedent.

  • Deeds to or from corporations before incorporated or after surrender of forfeiture of charter.

  • Undisclosed mechanics liens.

  • Mistakes in recording legal documents. (i.e. incorrect indexing, errors and omissions in transcribing and failure to preserve original instruments.)

  • Failure to include necessary parties in judicial proceedings.

  • Errors in tax record. (i.e. listing payment against wrong property.)

  • Erroneous reports furnished by tax officials, but not binding on municipality.

  • Lack of capacity of foreign personal representatives and trustees to act.

  • Deeds from nonexistent entities.

  • Deeds in lieu of foreclosure set aside as being given under duress.

Blue geometric shape resembling a stylized mountain or triangle.

Contact Borders & Borders, PLC Today To Get Started On Your Issuance of Title Insurance!

call Call Today: (502) 894-9200

Frequently Asked Questions About Issuance of Title Insurance

  • Lender’s title insurance protects the lender’s interest in the property, while owner’s title insurance protects the buyer’s equity in the property and covers legal fees in case of defects discovered after purchase.

  • While your lender’s policy covers their interests, it doesn’t protect you. Owner’s title insurance ensures that your investment is safeguarded against potential certain title defects.

  • Owner’s title insurance covers issues like forged deeds, undisclosed heirs, mistakes in legal documents, and more that may affect your property’s title and ownership.

  • The cost of title insurance varies depending on the property’s purchase price and location. It’s typically a one-time premium paid at closing. Contact our team for an exact quote, or use the Rate Calculator on our website.

  • While title insurance isn’t legally required, it’s highly recommended for every property purchase. Without it, you could be at risk of financial loss or legal complications from past issues with the title.