Protecting Your Interests in Real Estate Transactions
Title Insurance Lawyers
Title insurance Law is an important part of any real estate transaction. Whether you are buying or selling property, title insurance can protect you against unforeseen problems with the title to the property. Lack of title insurance can expose you to risks and obligations that can be financially devastating.
Acquiring title insurance is one of the services provided by the real estate attorneys of McIntyre Thanasides Bringgold Elliott Grimaldi Guito & Matthews, P.A. , We will review the title to the property to learn if there are any liens on the property or other problems with the title.
Because we represent clients in both real estate transactions and real estate disputes, we are able to advise you on title issues and negotiate or litigate a workable resolution to problems that may arise. We can evaluate whether standard title insurance is adequate protection in your circumstances or whether additional endorsements are necessary.
Experienced in Challenging Title Work
Our attorneys regular represent clients who are buying or selling properties that are in bankruptcy or foreclosure. These properties often have a complex history of ownership as well as tax liens, mechanics liens and other encumbrances. As the closing and title agent, we will take steps to reduce your exposure to financial risk. You can rely on our services whether the chain of ownership to your property is straightforward or complicated.
A Title Report Is Not Enough
Most people do not realize that simply obtaining a title report from a title company does not provide adequate protection in a property purchase. If the report missed a title issue, the title company is not liable for the expenses resulting from the error — you are. They are only financially responsible to the extent of the cost of the report. In other words, they may refund the cost of the report, but you are on the hook for paying the back taxes, mechanics’ liens or other issues the report did not disclose.