Title insurance insures against financial loss stemming from property title defects. This form of insurance is frequently purchased by home buyers and mortgage lenders prior to closing. The closing attorney’s office researches the title to ensure to the best of their ability that there are no title problems with the property, such as fraud, unpaid taxes, liens, pending legal proceedings, or other issues that would prevent the seller from transferring it to a purchaser. Following verification that title is clear and that the seller owns the property, the closing attorney’s office will draft an insurance policy.
What does title insurance cover?
Title insurance protects the purchaser from a variety of contingencies, including wrongful foreclosure issues, forgery, undisclosed heirs, and fraud. There are enhanced and standard title insurance policies. Feel free to ask Klosinski Overstreet, LLP about the differences
As many as one-third of public record or title searches result in the discovery of a property defect. Luckily, most defects can be resolved with the assistance of an experienced real estate attorney allowing the transaction to move ahead as planned. In addition to assisting you with title related issues, an experienced Georgia real estate attorney can help you draft and negotiate contracts, perform due diligence, and address zoning issues in order to minimize potential disputes.
Contact our experienced Georgia real estate attorneys
Are you planning on purchasing or selling property in Georgia? If so, you should hire an experienced Georgia real estate attorney to assist you with the transaction. At Klosinski Overstreet, LLP, we will assist you with all legal aspects of your residential or commercial real estate transaction. Our Georgia real estate attorneys have experience facilitating the purchase and sale of many types of properties, including single family homes, condominiums, multifamily homes, retail centers, office buildings, hotels, apartment complexes, and vacant property slated for development. Therefore, if you are planning on buying or selling residential or commercial real estate of any kind in the state of Georgia, please contact us as soon as possible for a consultation.
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