Title Insurance for Your Peace of Mind

Shopping for a mortgage? We'll be glad to talk about our mortgage offerings! Call us at 708.966.9005. Ready to get started? Apply Online Now.

Buying a home will likely be the largest investment you make in your lifetime. So before you commit to the transaction, you must be sure that the "title" of the property is free of any other claims.

A title insurance company ensures that your new property won't surprise you with encumbrances and other legal obstacles.

You pay the title insurance company a single premium which includes the cost of verifying clear title and covers you in case some fault is later discovered in the title.

The title company performs an extensive search on the title history of the property. Through its research, the title company can usually identify any title problems that may arise and clear up these problems prior to closing.

Because Real Estate Law is so complicated, you need an expert to make sure that all previous transactions have been correct, so you don't end up with legal problems or a problem with the title to your property. Your owner's policy will describe the property and outline the limitations on your ownership. It will also set forth the title company's responsibilities should any claim covered by the policy terms arise. Title insurance usually covers:

  • Contested title — This usually happens when someone who owned or even lived in the home before you claims to still hold an interest. If this happens, the title insurance company will defend the title and will cost you nothing.
  • Defective title — "Defective title" covers any number of problems with the title to your home. It can even include a "contested title". Defects are rare, but they can be very difficult, making the property inaccessible, unbuildable, or unsaleable. Many other complicated problems define "Defective title" or "Clouded Title." The title company will find these problems, or should they miss them, insure your loss up to the amount of the policy.

At Great Mortgage NMLS#478647, we answer questions about this process every day. Call us at 708.966.9005.

Got a Question?

Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

Your Information
Your Question