Title Insurance = Peace of Mind

Are you looking for a new mortgage loan? We'd be thrilled to discuss our mortgage offerings! Call us at 608-592-5600. Want to get started? Apply Online Now.

The biggest investment you will make in your lifetime will probably be the purchase of a home. So before you close, you need to be sure that that nobody else can claim the property.

A title insurance company ensures that your new home is free of expensive encumbrances and other legal obstacles.

For a modest, one-time title insurance premium, you will receive continuous title insurance protection equal to the purchase price of the property or its current market value.

The title insurance company performs an extensive search on the title history of the property. Through its research, the title company can usually find any title problems that may arise and clear up these problems before you close on the property.

Because Real Estate Law is so complex, 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 title insurance owner's policy will describe the property and outline any recorded limitations on your ownership. It will also set forth the title insurance company's responsibilities should any claim covered by the policy terms arise. Typically your title insurance will protect you in the following cases:

  • Contested title — This usually happens when someone who owned or even lived in the home before you claims to still hold an interest. In this case, the title insurance company will defend your title at no expense to you.
  • 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 complex problems define "Defective title" or "Clouded Title." The title insurance company will discover these title problems, or should they miss them, protect you from financial loss - up to the amount of the policy.

Rasmussen Mortgage can walk you through the pitfalls of getting a mortgage. Call us at 608-592-5600.

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