This month’s tip comes from Crystal Spicher, Escrow Officer in our Lake Oswego office.
What is Title Insurance?
The purchase of a home is often the single largest investment people will make in a lifetime; therefore, the importance of fully protecting such an investment cannot be over stressed.
Title insurance is protection which assures that the rights and interests to the property as expected, that the transfer of ownership is smoothly completed and that the new owners receives protection from future claims against the property.
Red flags on a title report may include unresolved liens, undisclosed heirs, property boundary disputes or errors in public records.
It’s crucial to thoroughly review the title report to identify any potential issues that could impact the property ownership or marketability.
Consulting with your title and escrow team can help address and resolve these concerns.
Questions? Our customer service team is here to help. Reach them via email at ticor.resource@ticortitle.com or by phone at 503.219.1000
