Corona Real Estate - Title Insurance - Protecting Real Estate Interests And Equity of Policy Holders

Why Title Insurance?
In every real estate transfer the matter of a title examination invariably arises. The home buyer often questions whether title insurance is really necessary, particularly when an examination of the title has been completed by an experienced title examiner or real estate attorney, and the examination of all available title records shows no adverse information which question the marketability of the title. But . . . does an examination of title records necessarily remove all concern for title problems eventually surfacing?

The answer is NO . . . and that is why title insurance exists and why it plays such a basic role in protecting the real estate interests and equity of policy holders.

What Are the Risks?
There are many title troubles that can arise to cause the loss of your property or mortgage investment. Hidden risks, that is title troubles which are not disclosed, even by the most careful search of public records, are the most dangerous. Hidden risks can make your title worthless. Your attorney's examination may be the finest that skill, experience and legal knowledge can produce, but your title may be fatally defective.

Here are some title troubles that frequently occur. You may not discover them when you buy real estate, but months or years later, they can result in the loss of your property or an expensive lawsuit.

Deeds by persons of unsound mind
Deeds to or from defunct corporations
Defective acknowledgments
Duress in execution of instruments
Erroneous reports furnished by tax officials
False personation of the true owner of land
Forged documents, i.e., deeds, releases, etc.
Misrepresentation of wills
Mistakes in recording legal documents
Surviving children omitted from a will
Errors in indexing
Capacity of foreign fiduciaries
Birth or adoption of children after date of will
Deeds delivered after death of grantor/grantee, without consent of grantor
Marital rights of spouse purportedly, but not legally, divorced
Undisclosed divorce of spouse who conveys as consort's heir
Deeds from a bigamous couple
Deeds by minors
Deeds in lieu of foreclosure given under duress
Deeds by persons supposedly single, but married
Administration of estate of persons absent but not deceased.
Inadequate descriptions on conveyances
Claims of creditors against property sold by heirs or divisees
Easements by prescription not discovered by a survey
Federal condemnation without filing of notice
Deed of community property recited to be separate property
Falsification of records
Undisclosed or missing heirs
Instruments executed under fabricated or expired Power of Attorney

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