Tag: Claims

Owner’s title insurance: Seller fraud and HELOCs

Written by Federal Title on 2012-05-21.

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 Federal Title on 2012-05-14.

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 Federal Title on 2012-04-26.

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 Federal Title on 2012-04-23.

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 Federal Title on 2012-04-20.

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...

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Tag: Claims

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

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