Tag: claims-stories

Without title insurance, new homeowner pays special assessment

Written by Federal Title on 2020-09-23.

The buyer was stuck with a $9,550 special assessment on her property tax bill because she waived title insurance coverage at closing.In this story, the homebuyer purchased a property from an estate in which the prior owner decedent had...

Help! My funds are being withheld

Written by Federal Title on 2020-09-10.

Just this morning we received an inquiry from a seller who discovered an old home equity line of credit was still open from a bank that had since merged several times.The seller had no paperwork for such a loan or any recollection of taking...

Realtor: ‘To have not had title insurance would have been a disaster’

Written by Federal Title on 2020-09-03.

In 35 years as a Realtor, Ellen Sandler of Evers & Co. has had just one buyer refuse title insurance.Thankfully, it was the not the buyer in this story, because the buyer in this story would one day become a seller with a real property...

Couple pays over $20,000 after waiving owner’s title insurance protection

Written by Federal Title on 2020-08-18.

We had a couple waive an owner’s policy that would have cost $815. They’ve spent near $20,000 in attorney fees defending title to their home.The seller sat across from them and signed closing documents. He brought a notarized Power...

Lack of owner’s protection can increase cost to sell property

Written by Federal Title on 2020-08-10.

Title insurance protects property ownership + marketability, but we tend to overlook the value of the owner’s policy for buyers who one day become sellers.We had to inform a seller that our title search revealed two unexpected mortgage...

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Tag: claims-stories

Without title insurance, new homeowner pays special assessment

Help! My funds are being withheld

Realtor: ‘To have not had title insurance would have been a disaster’

Couple pays over $20,000 after waiving owner’s title insurance protection

Lack of owner’s protection can increase cost to sell property

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