The Benefits of Title Insurance in Howard County

January 23rd, 2014

Do you know what the benefits of title insurance are in Howard County? As far as insurance goes, you may be less familiar with title insurance than car insurance for example, but title insurance just might end up saving you your home in Howard County. Read on to find out the benefits of title insurance in Howard County.

Peace of Mind

First and foremost, having title insurance on your home gives you peace of mind. How? When you invest in title insurance, the title company goes through local records to verify that there are no potential problems on your home’s title. Knowing that your title is yours and yours alone means you have one less thing to worry about.

Saves You Money

If someone files a claim on your title and you don’t have title insurance, you’ll have to pay out of pocket to defend your title in court. The costs of this can rack up very quickly and in the worst case scenario could even result in you losing your home. Title insurance saves you money because the title company pays for court costs associated with defending your title.

Don’t wait until an issue with your title arises. Contact American Home Title Group today for title insurance in Howard County.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

Tags: benefits of title insurance, title insurance Howard County
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Protect Your Anne Arundel County Home with Title Insurance

January 16th, 2014

Fighting a title claim on your home is a prospect that any homeowner does not want to experience. Unfortunately, even though you may have thought that the title on your home was clear, a situation may arise later where it turns out that your claim to your home’s title was not as solid as you thought. It might seem unlikely that this will happen, especially considering that the issue of the title is covered during a real estate transaction. However, whether it be as a result of a mistake or lack of research, a valid title claim on your home’s title is not an impossible scenario.

Fighting a title claim on your own is expensive, drawn-out, and stressful, and without proper legal counsel, you may not be able to fight as effectively as possible. American Home Title Group offers title insurance for residents of Anne Arundel County, to ensure that if a claim does come up on your title, that you won’t have to dragged into litigation. As your Anne Arundel County title company we offer title insurance that will protect you from claims on your title. We’ll handle the litigation, and you get to keep your name on that title you worked so hard for. If you need title insurance in Anne Arundel County, talk to American Home Title Group today.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Anne Arundel County title company ready to provide you with the best experience possible in every capacity.

As your Anne Arundel County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

Tags: Anne Arundel County home title company, hoem title insurance Anne Arundel County
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How Can I Get Title Insurance in Baltimore County?

January 9th, 2014

Title insurance may be one of the most single important purchases you can make when it comes to protecting your house in Baltimore County. Home titles protect you from claims that may arise from conflicting wills, missing, heirs or even fraud. In short, a home title is the claim to ownership of the land on which your home sits. While your name may be on it, others may claim it as theirs and in some cases have a legal justification for their claim. Title insurance protects you from these claims because the title insurance company settles them for you. This saves you time and innumerable court costs and legal fees that would add up should you take on one of these claims on your own.

If you’re looking for title insurance in Baltimore County, American Home Title Group can help. We can protect your Baltimore county home from title claims both legitimate and fraudulent, to ensure that your home and your property stay in your hands. Contact us today for more information.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore County title company ready to provide you with the best experience possible in every capacity.

As your Baltimore County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

Tags: Baltimore County Title Company, title claim, title insurance
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How Title Insurance Protects You From Missing Heirs

January 3rd, 2014

While many property transactions go smoothly, issues can arise in seemingly unlikely scenarios that become all too real once the situation has been clarified. One example of this kind of situation is the problem of a missing heir.

Say a single homeowner sells his house. He has a son whom he has not heard from for many years and has no idea what became of him. The son finds out about the transaction and returns, claiming an interest in the property. Because he is an heir to his father’s interests, he does have a right to a share of the value of the property. Without title insurance, this would create an expensive problem for the buyers. But with the protection of title insurance, the title company would settle this claim, and the buyers would not have to pay for the son’s interest in the property.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

As your Baltimore title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

Source

http://www.homeclosing101.org/whyneed.cfm#claim

Tags: Baltimore, home title insurance, missing heirs
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How to Find Out if You Have Title Insurance

December 24th, 2013

Let’s say you’re a property owner, but you’re unsure if you purchased title insurance when you purchased your property. How would you go about finding out if you had title insurance? It’s actually a very simple process. All you have to do is review the settlement statement, known as HUD-1, which was provided to you at the closing. The settlement statement itemizes receipts and disbursements, of which title insurance is one. Charges for your title insurance policy would be listed on line 1110 of a standard HUD-1. If you have title insurance, the relevant information will be listed here. If you want to contact your home title company, a quick online search should produce some contact information.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

Source

http://www.homeclosing101.org/whyneed.cfm#claim

Tags: Baltimore, home title insurance
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What Does a Title Insurance Premium Pay For?

December 18th, 2013

Title insurance protects your property from claims against the title, both valid and invalid. Though it might seem unlikely that a home will have title issues, it’s actually a lot more common than you might think. “According to an American Land Title Association (ALTA) survey, one out of every four real estate transactions shows evidence of title problems.” Though it doesn’t get much press, home title insurance is actually one of the most effective methods of protecting your home.

So how much can you expect to pay for title insurance? The premium varies on a case-by-case basis, but a good rule of thumb is ½ – 1 percent of the purchase price. There are 5 main operations title companies engage in which determine the premium, ranked here from largest to smallest according to homeclosing101.com:

Maintaining current title information on property local to the operation, also known as the title plant. Both this task and the second task require significant time expenditures to search for forged or falsified documents, incorrect property descriptions, recording mistakes, liens, and a number of other potential issues.
Searching and examine the title to subject properties.
Resolving or clearing title defects.
Claim costs and legal fees.
Profit. The expense ratio for title companies is much greater than other types of insurance, and can exceed 90%.

So, if you’re looking at title insurance in Baltimore, know that while it might not seem as important as home, car, or life insurance, it will keep your house in your hands in the event of any title claims.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

Source

http://www.homeclosing101.org/insurance_dollars.pdf

Tags: Baltimore title insurance, title insurance premium
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What Are the Two Kinds of Title Insurance?

December 12th, 2013

Did you know that there are actually two kinds of title insurance. The first kind, Owner’s Title Insurance, also known as the Owner’s Policy, protects the homeowner from claims against their property’s title. The second kind, Lenders Title Insurance, also known as the Loan Policy, protects the lender from claims against the property. Let’s take a look a more in depth at the two kinds of title insurance.

Owner’s Title Insurance

The Owner’s Title Insurance/Owner’s Policy protects the homeowner from any claims that may arise against the title. This insurance is purchased at the time on closing for a one-time fee, usually for the amount of the real estate purchase, and lasts as long as you or any of your heirs have an interest in the property which it covers. Title problems that this the Owner’s Title Insurance covers include undisclosed heirs, forgery, and any mistakes in examining records or mistakes in the deeds themselves. If a claim is brought against your title, the Owner’s Policy protects you with the legal backing of your title company.

Lender’s Title Insurance

The Lender’s Title Insurance/Lender’s Policy does the same thing the Owner’s Policy does, except it covers the lender of the property. When a title claim is filed, it’s filed against everyone who has an interest in the title. If you still owe money on the property to the lender, the lender has an interest in the property, and therefore is vulnerable to claims against the title. The Lender’s Policy protects them from these claims.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

Source

http://www.homeclosing101.org/whyneed.cfm

Tags: Lender's Title Insurance, Owner's Title Insurance
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Do I Need Title Insurance on a Newly-Built Home?

December 6th, 2013

When you’re the first to build a home on a lot that was previously empty, it might seem like you don’t need title insurance, as there was no house their before yours. However, even though you were the first to build a house on the lot, the unimproved land may have changed hands several times before it came to you. Title searches can uncover any liens on the property.

Where could a lien on an improved property come from? One possible scenario is that a previous owner and builder intended to improve the property, but didn’t pay the subcontractors and suppliers. As a result, the subcontractors and suppliers could have placed a lien on the property. While you may not have been aware of this when you bought the property, a lender won’t finance your mortgage unless the title is clear. Another possibility is that there was a house on the lot at one time, but it was destroyed by a natural disaster, or removed by man-made means.

Lenders also want to verify that they are insuring the correct property. The boundaries of unimproved properties may have become fuzzy over time, which could result in disputes with property owners who share borders with your property. A survey can determine the correct bounds of the property, which will allow the lender to insure the correct property.

In summary, even if the property you’re building on is unimproved, you will need title insurance, as the property likely had one or more previous owners.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

Source

http://www.homeclosing101.org/whyneed.cfm

Tags: Baltimore title company, home title insurance, title insurance Baltimore, title insurance on newly-built home
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Do I Need Title Insurance When I Refinance?

November 29th, 2013

When you refinance, you’re obtaining a new loan, but it’s for the same property, so many people think that title insurance doesn’t come into play here. Actually, it’s very likely that you will need title insurance when you refinance. Most lenders require a new title search to be executed and a new Loan Policy in order to protect their investment in the property which is being refinanced. There are issues that can come up with the title, such as a judgment placed on the property due to unpaid taxes or homeowner dues, which is why the lender will execute a new title search in order to keep abreast of any issues. However, you won’t need a new Owner’s Policy because this is good as long as you or any heirs have an interest in the property. Overall, the takeaway here is that yes, you do need title insurance when you refinance.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

Source

http://www.homeclosing101.org/whyneed.cfm

Tags: refinance, title insurance
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Your Home Title Insurance Rights in Maryland

November 21st, 2013

It’s important to know your rights with regards to title insurance in Maryland. What are your rights when it comes to settlements and title insurance? Below is The Title Insurance Consumer’s Bill of Rights from the Maryland Real Estate Commission, which covers all of your rights as the consumer in the process.

Nine Things You Should Know Before Signing a Contract of Sale or Refinancing Your Property

You have the right to choose your settlement agent and title insurer.
You have the right to receive settlement cost information early in the real estate settlement process, allowing you to shop for the settlement services that best meet your needs.
You have the right to receive an itemized settlement statement from the settlement agent detailing all fees paid to the settlement agent before you agree to use that settlement agent.
You have the right to be informed about the total cost being paid by you to the settlement agent.
You have the right to ask and receive accurate information from your settlement agent about whether there is a ground rent, lien, judgment, or any other impediment to outright ownership of the property.
You have the RIGHT to request and receive from your settlement agent the Settlement Statement (HUD-1) the business day before the date of settlement.
You have the right, before you sign, to ask the settlement agent questions and receive clear and complete answers about charges and documents that you do not understand.
You have the right to receive copies from the settlement agent of all documents you signed at the time of closing.
You have the right to have all funds disbursed timely and properly by the settlement agent in accordance with the Settlement Statement (HUD-1) you signed at closing.

Source: The Real Estate Settlement Procedures Act (RESPA) of 1974, 12 U.S.C.§ 2601 et seq.

Keep these rights in mind when choosing a settlement agent and title insurer. More information is available here.

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Baltimore title company ready to provide you with the best experience possible in every capacity.

Tags: home title, home title insurance, title insurance rights Maryland
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Categories

The Benefits of Title Insurance in Howard County

Protect Your Anne Arundel County Home with Title Insurance

How Can I Get Title Insurance in Baltimore County?

How Title Insurance Protects You From Missing Heirs

How to Find Out if You Have Title Insurance

What Does a Title Insurance Premium Pay For?

What Are the Two Kinds of Title Insurance?

Do I Need Title Insurance on a Newly-Built Home?

Do I Need Title Insurance When I Refinance?

Your Home Title Insurance Rights in Maryland