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The Importance of an Owner’s Title Insurance Policy

The Importance of an Owner’s Title Insurance Policy

Owner’s Title Insurance Policy from Sandy

Our role at Old Republic Title is to focus on red flags that may interrupt the closing of a real estate transaction, as well as protecting your investment after a closing is complete. Below there are examples of common title problems that can occur after closing if you’re not covered by an Owner’s Title Insurance Policy.

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Owner’s Title Insurance Policy from Sandy
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30 Common Post Closing Title Problems:
Impersonation of the true owner of the real estate
Forged deeds, releases, etc.
Instruments executed under fabricated or expired power of attorney
Deeds delivered after death of Grantor/Grantee, or without consent of Grantor
Deeds to or from defunct corporation
Undisclosed or missing heirs
Misinterpretation of wills
Deeds by persons of unsound mind
Deeds by minors
Deeds of illegal aliens
Deeds by persons supposedly single but secretly married
Birth or adoption of children after date of will
Surviving children omitted from will
Mistakes in recording legal documents
Want of jurisdiction of persons in judicial proceedings
Discovery of will of apparent intestate
Falsification of records
Claims of creditors against property sold by heirs or devisees
Deeds in lieu of foreclosure given under duress
Easements by prescription not discovered by a survey
Deed of community property recited to be separate property
Errors in tax records
Deed from a bigamous couple
Defective acknowledgments
Federal condemnation without filling notice
Corporation franchise taxes, a lien on all corporate assets
Erroneous reports furnished by tax officials
Administration of estates of persons absent but not deceased
Undiscovered divorce of spouse who conveys as consort’s heir
Marital rights of spouse purportedly, but not legally divorced

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