Claims · Federal Title & Escrow Company

Average loss on a DC title policy is $639

Written by Guest on July 9, 2012.

A recent Demotech study may reveal yet another reason for homebuyers to obtain owner’s title insurance – especially if you are buying a home in the District of Columbia. Title insurance companies take a loss of $215 on average in Maryland...

Owner’s title insurance: Case of forgery after infidelity

Written by Guest on June 30, 2012.

Part 6 of a series Fraud is a common cause of title claims, and it's practically impossible to detect in many cases because there is no way for the title agent to know about the fraud until after the fact. As we've discussed before, title...

Why does owner’s title insurance get a bad rap?

Written by Guest on June 5, 2012.

Google "owner’s title insurance," and you will find scores of blogs and other publications scorning this misunderstood insurance product. Frequently, at the settlement table, we hear homebuyers opine that title insurance is a "rip-off" and...

Owner’s title insurance: Seller fraud and HELOCs

Written by Guest on May 21, 2012.

Part 5 of a series During our 16 years of business Federal Title has, on three separate transactions, paid out claims on owner’s title insurance policies due to a seller committing fraud by securing a home equity line of credit (HELOC) immediately...

Owner’s title insurance: The costly ‘bond off’

Written by Guest on May 14, 2012.

Part 4 of a series So let’s say you just sold your home. You then receive an email notice from the settlement company as follows: "Our office has completed the title search for your upcoming closing and sale of 2525 Badtitle Lane, and we...

Owner’s title insurance: Encroachment from neighboring property

Written by Guest on April 26, 2012.

Part 3 of a series Just recently, during our underwriting review of an upcoming closing, our office discovered that the subject property — we will call it LOT 1 — was severely encroached upon by the improvements of the neighboring lot, which...

Owner’s title insurance: Case of clerical error

Written by Guest on April 23, 2012.

Part 2 of a series Our most recent real-life case involved a $65,000 claim and a tax sale purchase, which occurs when a government agency auctions off properties with delinquent property tax bills. The homebuyer almost lost $65,000 in equity...

Owner’s title insurance: Is it worth the price?

Written by Guest on April 20, 2012.

Part 1 of a series While a homebuyer is required to pay for the lender’s title insurance premium, the owner’s title insurance is optional to the homebuyer, and sometimes homebuyers who are looking to shave dollars off their closing costs...

Title insurance and known title defects

Written by Guest on March 11, 2011.

“Don’t worry about it – title insurance will cover it!” … This is what I keep hearing from agents when they talk to their clients about potential title insurance issues: “Don’t worry about it, you are getting title insurance –...

Covid concerns? Explore REALSafe™ closing options »

Tag: Claims

Average loss on a DC title policy is $639

Owner’s title insurance: The costly ‘bond off’

Settlement Observer

Quick Links

Latest from the blog »

The HELOC scam is a bigger threat during COVID-19 pandemic

Financial assistance for Maryland homebuyers

Buying a home during coronavirus – and closing at a safe distance

The HELOC scam is a bigger threat during COVID-19 pandemic

Financial assistance for Maryland homebuyers

Buying a home during coronavirus – and closing at a safe distance