Frequently Asked Questions

What Is The Purpose Of Title Insurance?

Simply stated, the purpose of Title Insurance is to protect the most important investment most people will ever make – their home. Title Insurance plays a major role in making home ownership safe and secure, providing protection against a number of title defects that could jeopardize an individual’s interest in the property they have just purchased.

What Are The Risks Of Not Having Title Insurance?

Risks include an unsatisfied mortgage, liens, judgements, unpaid taxes, and other recorded claims against the property. Mistakes such as incorrect marital status of previous owners, recording errors, improper foreclosure actions, and improper probate proceedings for prior owners are among the causes of title defects.

What Does The Lender Require?

The loan policy protects a lender against loss due to unforeseen title defects, but it does not protect the individual purchasing the property. This is a requirement of mortgage lenders. An owner’s policy is the only protection against this type of unforeseen risk.

What Information Is Needed To Submit The Transaction To EWM Title?

The information we need to process a transaction includes: