Cherrington Moulton & Evans
Title Insurance Services in Ohio
Issuance of Title Insurance Policies
I am the sole owner of my own title insurance company, Five Star Title Insurance Agency, Inc., licensed by the State of Ohio Department of Insurance to issue title insurance policies on real property. My title insurance company compliments the real estate services my law firm provides by performing closings for residential and commercial properties, preparing closing documents and following through the entire process to ensure proper recording of legal instruments. My title company issues lender’s title insurance policies and owner’s title insurance policies. A title insurance policy is beneficial to lenders and owners as it covers potential damages due to title defects on property. It helps protect the interests of the policy holder in the title to the property.
Title Insurance Offers Protection From Claims Against the Lawful Ownership of Title to the Property
When property is transferred or a lien or mortgage placed against it, the document is recorded in the county Recorder’s Office as a public record. The title to property involves its classification as the owner having either good, or marketable title, or title with defects, or unmarketable title. There may be clouds on the title, such as unlawful transfers, filing errors, forgeries and many other potential issues. Before you buy a property in the Gallipolis, Ohio, or surrounding area, David C. Evans will perform a title search to find the ownership history and records of previous transfers. Even with a title search, it can be tricky to identify everything, and that is why a title insurance policy is beneficial for protection against the unknown with the title to any property. Whether you are a lender and need a lender’s title insurance policy, or an owner or buyer and need an owner’s title insurance policy, my title company, Five Star Title Insurance Agency, Inc., is here to make sure you are prepared for the unexpected.
Lender's Title Insurance Policies
Title insurance generally includes two types of policies. When applying for a mortgage loan, the lender will often require you to purchase a lender’s title insurance policy. David C. Evans and his title company, Five Star Title Insurance Agency, Inc., are here to help lenders and borrowers get the lender’s title insurance they need to accompany the mortgage loan. A lender’s title insurance policy protects the lender and its interests in case there are any issues with title to the property that might interfere with lawful ownership of title.
Owner's Title Insurance Policies
When purchasing a home, you may also want to purchase an owner’s title insurance policy for an added layer of protection. With my title insurance company, I offer owner’s title insurance policies to protect owners’ interests from claims affecting their title to property. An owner’s title insurance policy will safeguard you from past issues and claims associated with title to the property of interest. For a one-time insurance premium, an owner’s title insurance policy protects your lawful ownership of title and interests. The purchase of real estate will likely be the largest financial investment you make, and an owner’s title insurance policy offers peace of mind.