Title Insurance: Why Do You Need It?

Real estate has always been considered man's most valuable asset. And because it such an important factor in society, it is granted unique treatment under the law.

Your title to real estate encompasses ownership, use and possession of the land and it is the duty of the title insurance company to make sure that all of those rights and interests are clear and protected.

There is little question that the greatest financial investment in life is one involving the purchase and/or finance of real estate. The assurances and protection offered by title insurance is essential in keeping that investment free from capital loss.

Most forms of insurance provide financial protection against some unforeseen, future event through pooling of risks. The purpose of title insurance, on the other hand, is to eliminate risks from defects in title that happened in the past by discovering and disclosing those defects. By undertaking a search and an examination of the appropriate public records by highly trained professionals at Southland Title, they minimize the chances of adverse claims.

But even the most diligent search cannot discover certain hidden defects in title which are not apparent in the public record - including forgeries in earlier transactions,k previous unrecognized rights, undisclosed heirs or errors in the public record.

That is why Title Insurance plays such an important part in risk elimination and in adding the emotional and financial stability to your decision. It stands to reason that the organization entrusted with the necessary search, examination and insurance of your title transaction should not only be experts in title underwriting, but should also present financial position of sufficient stature to carry the ultimate security and strength through its policy. That is why we recommend using Southland Title. They are such an organization. Their organization is similar to Park Regency Realty. Small enough to appreciate you, large enough to properly serve you, and sound enough to protect your interest.