EVERY DETAIL IS IMPORTANT TO US AT SUPERIOR TITLE
Every detail counts in the real estate process, from purchases to refinances to complicated commercial development transactions. At Superior Title, we aim to lead you through closing with ease and peace of mind with our title insurance services. We have experience with all types of residential and commercial title transactions, and we pride ourselves on using our experience and knowledge to help improve both the title and real estate industries. We strive to identify title risks and find solutions to title obstacles while using our legal knowledge and underwriting expertise to insure and protect our customers from prior title errors harming their real estate investment. When you close with Superior Title Services, you can be assured that we value the details and you can take comfort in knowing you’re protected.
We are fully integrated with the following professional communication tools to facilitate a secure, smooth, and seamless process.
Vicevich Law exists alongside Superior Title because of the common ownership of the two companies. Vicevich Law is a proactive law firm that services individuals, professionals, and businesses in many markets, and has experience with the needs of all sorts of participants in the real estate industry including investors, lenders, realtors, brokerages, landlords, buyers, and sellers.
WHAT IS TITLE INSURANCE?
Title insurance is a type of insurance policy that protects you as a homebuyer and/or the lender against the loss of ownership of the home because of any legal defects in the title. When a clean title is transferred to you correctly, you own the property free and clear. However, if the title for the property is incorrect or not transferred and recorded properly, you might not end up owning the home like you think after closing. There may be someone else from the past that has a legal claim on the property. They may show up and want to enforce that claim. If this happens, your title insurance protects you from the potential financial damages.
LENDER’S VERSUS OWNER’S TITLE INSURANCE
There are two main types of title insurance policies: for the mortgage lender and for the homeowner. A lender’s title insurance policy protects the mortgage lender who is giving you a great deal of money to buy the property. If the property is not actually transferred to you or another party claims legal ownership, the lender’s policy protects it from financial loss. You can also obtain an owner’s title insurance policy, which protects your financial interests in a defective title situation. There may also be situations in which a lender and owner’s insurance policy is wrapped into one.