Touchstone Title coordinates and provides a variety of services related to the efficient closing of real estate transactions. Our services include title searches, owner and encumbrance searches, title search reports, title commitments, real estate closings, and issuing title insurance policies.
COMMON QUESTIONS
Title insurance is an insurance policy that protects your legal rights to own, possess, use, control, and dispose of land.
Transferring a real estate title can be complicated because land is permanent and the usage of land and the rights to use it can change over the years.
A title search is a detailed examination of the historical public records concerning a property. These records include deeds, court records, property and name indexes, and many other public documents.
There are two types of title insurance policies: a lender痴 policy and an owner痴 policy. The lender痴 policy is required for a mortgage, financially covers the amount of the loan, and provides protection to the lender. An owner痴 policy protects the land owner against any title loss, which ensures the value of the property. With title insurance, if a claim is made against the title, the underwriter must pay any and all costs associated with defense against the challenge, and if unsuccessful in that defense, reimburse the land owner for any reduction in the value of the land.
But I have Homeowner's Insurance
Homeowner痴 insurance typically provides protection against theft or damage. If a fire destroys your home, you can rebuild and buy new possessions. If the title to the land fails, you could lose the right to inhabit your home, as well as the land it occupies.
How long does title insurance coverage last?
The lender痴 policy of title insurance lasts until the mortgage is paid in full. An owner痴 policy of title insurance lasts for as long as you or your heirs retain an interest in the property.
We look forward to the opportunity to help you with your title insurance and closing needs. To get started, just call us today at 352-854-3444, and one of our friendly Account Executives will make sure to take care of you.
"At Touchstone Title, LLC, the peace of mind of our clients is our highest mission. We pledge to provide the finest title insurance and closing services in a timely, personalized, efficient and accurate manner."