Ticor Title Insurance: Protecting Your Home and Investment

If you’re buying a home, you’re probably familiar with the concept of title insurance. But what exactly is it, and why do you need it? In this article, we’ll take a closer look at Ticor Title Insurance, one of the leading providers of title insurance in the United States.

What is Title Insurance?

When you buy a home, you’re buying the title to the property. This title is the legal document that gives you ownership of the property. However, there are many things that can go wrong with a title.

For example, the previous owner might have failed to pay property taxes, resulting in a tax lien on the property. Or there might be an unpaid mortgage or other liens that were not disclosed at the time of the sale. In some cases, there might even be fraud involved, such as a forged signature on a deed.

Title insurance is designed to protect you from these types of problems. It’s an insurance policy that you purchase when you buy a home, and it protects you from financial loss if there are any issues with the title.

How Does Title Insurance Work?

When you purchase title insurance, the title company will conduct a thorough search of public records to make sure that the title is clear. This search will go back several years to look for any liens, encumbrances, or other issues that could affect your ownership of the property.

If any issues are discovered, the title company will work to resolve them before issuing the insurance policy. Once the policy is in place, you’re protected from financial loss if any issues with the title arise.

Why Do I Need Title Insurance?

When you buy a home, you’re making a major investment. It’s likely one of the largest purchases you’ll ever make. Title insurance protects this investment by providing financial compensation if there are any issues with the title that could result in losses.

Without title insurance, you could be on the hook for thousands of dollars in legal fees and other costs if there’s a problem with the title. This could be devastating, especially if you’re already struggling to make mortgage payments.

About Ticor Title Insurance

Ticor Title Insurance is one of the largest providers of title insurance in the United States. It’s a subsidiary of Fidelity National Financial, one of the largest title insurance companies in the world.

Ticor Title Insurance has been providing title insurance services for over 100 years. The company has offices throughout the United States and is known for its commitment to customer service and its dedication to protecting its clients’ investments.

What Services Does Ticor Title Insurance Offer?

Ticor Title Insurance offers a wide range of title insurance services, including:

Residential Title Insurance	Commercial Title Insurance	Title Searches
Escrow Services	Closing Services	1031 Exchange Services

Residential Title Insurance is designed to protect homeowners from financial loss in the event of issues with the title. This includes issues such as liens, unpaid taxes, and other encumbrances that could impact ownership of the property.

Commercial Title Insurance provides similar protections for commercial properties, such as office buildings, shopping centers, and industrial properties.

Title searches are conducted to ensure that the title to the property is clear. This is typically done before the sale of a property to ensure that there are no issues with the title.

Escrow services are used to hold funds during the sale of a property. This helps to ensure that both the buyer and seller are protected during the transaction.

Closing services are used to finalize the sale of the property. This includes the transfer of ownership, signing of legal documents, and other related services.

1031 Exchange services are used to help investors defer capital gains taxes by exchanging one investment property for another.

Why Choose Ticor Title Insurance?

There are many reasons to choose Ticor Title Insurance for your title insurance needs. Some of the key benefits of working with Ticor include:

• Experience: Ticor Title Insurance has been providing title insurance services for over 100 years.
• Financial Strength: As a subsidiary of Fidelity National Financial, Ticor Title Insurance is one of the largest and most financially stable title insurance companies in the world.
• Customer Service: Ticor Title Insurance is committed to providing excellent customer service and ensuring that its clients’ needs are met.
• Local Knowledge: Ticor Title Insurance has offices throughout the United States and is familiar with local laws and regulations.

FAQ

How Much Does Title Insurance Cost?

The cost of title insurance varies depending on the location of the property and the purchase price. In general, title insurance costs around 0.5-1% of the purchase price of the property.

Who Pays for Title Insurance?

In most cases, the buyer pays for title insurance. However, this can vary depending on local laws and the terms of the sale.

How Long Does Title Insurance Last?

Title insurance lasts as long as you own the property. Once the policy is in place, you’re protected from financial loss if any issues with the title arise.

What Happens if There’s an Issue with the Title?

If there’s an issue with the title, the title company will work to resolve the issue. If they’re unable to resolve the issue, you’ll be compensated for any financial loss that you incur as a result of the issue.

Can I Choose My Own Title Insurance Company?

In most cases, you’re free to choose your own title insurance company. However, some lenders may require that you use a specific company for their own protection.

Conclusion

Ticor Title Insurance is a leading provider of title insurance services in the United States. With a commitment to customer service and a dedication to protecting its clients’ investments, Ticor is a top choice for anyone looking for title insurance.

Whether you’re buying a home, investing in property, or simply want to protect your investment, Ticor Title Insurance can provide the peace of mind you need to move forward with confidence.