Last week we talked about how title insurance can protect you from real estate fraud. This week, we’ll discuss how home title insurance can protect you from conflicting wills.
When a property owner passes away, their will dictates who will receive the deed to the property. However, things can get misplaced or lost in the shuffle, and sometimes the title deed is unable to be found. In this example from Home Closing 101, a probate court gives the property from a late mother’s estate to one of her sons, who sells it. Later, the other son finds the deed in a drawer and files a claim on the property. Depending on how the court rules, the new owner of the house could be looking at serious financial damages. However, if the owners have title insurance, the insurance will pay for the brothers’ claim and legal fees if the deed is upheld in court. While it may seem like such a scenario is unlikely, it can happen, and if it does happen to you, you’ll be glad you have title insurance.
American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.
To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.
As your Baltimore title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to firstname.lastname@example.org. Follow our blog and keep up with us on Google+, Facebook, and Twitter.