Title Protection Comparisons

When you purchase a home, there are various methods available for you to be certain that the property is “legally” yours. Obviously, you want to be sure that the seller has the right to convey full, unencumbered title to you (to give you full, legal ownership with no strings attached). It’s important to choose the type of protection that will best serve your needs: the following describes current, popular methods of establishing title.

ABSTRACT
An abstract is a condensed history of the property’s title as contained in public records.

TITLE OPINION
This is a document prepared by an attorney which sets forth his or her conclusions as to the condition of title, as shown in the public records.

TITLE GUARANTEE
The title guarantee is an indemnity policy insuring only against defects of title appearing in public records.

TITLE INSURANCE
A title insurance policy assures the holder good and marketable title, including hidden defects that may not appear in public records.

NOTE: THE INFORMATION CONTAINED IN THIS DOCUMENT IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO TAKE THE PLACE OF A LEGAL OPINION. IF YOU HAVE ANY QUESTIONS ON THE INFORMATION CONTAINED IN THIS DOCUMENT, IT IS SUGGESTED THAT YOU CONTACT YOUR ATTORNEY FOR CLARIFICATION.