Suspense
Sarah, a dedicated teacher, spent years saving and sacrificing to finally afford her dream home. She put 66% of her net worth into making homeownership a reality. When she received her keys, it was a moment of pure joy. Everything seemed perfect—until an unexpected threat emerged from her home's history, one that could strip away everything she had worked so hard for.
Eighteen months after purchasing her home, Sarah received a foreclosure notice from a bank she had never heard of. Confused and panicked, she discovered that a previous owner had taken out a home equity line of credit (HELOC) on the property and it was still open. The prior owner kept borrowing against it, and now, the bank was coming after Sarah's home.
The financial and legal responsibilities of owning a home can be overwhelming, and the thought of losing it due to past issues can leave anyone feeling helpless. Fortunately, Sarah made a critical decision when buying the property—she purchased title insurance. This choice made all the difference between financial protection and serious loss.
The title insurance company worked directly with the taxing authorities to address the unpaid taxes and get the sale cancelled.
The title insurance company paid all the outstanding taxes to ensure the Smiths’ home was safe from foreclosure.
Unlike other forms of insurance, title insurance requires a one-time payment at closing, offering coverage without annual renewals.
The title insurance company stepped in, paid the outstanding HELOC balance, and prevented foreclosure—ensuring Sarah didn't lose her cherished investment.
The title insurer provided experienced attorneys who handled all the legal complexities. Sarah didn’t have to worry about navigating the courts or paying costly legal fees.
Without title insurance, Sarah would have faced the massive expense of resolving the matter and potentially losing her property. Title insurance protected her financial future, preserving 66% of her net worth.
Facing foreclosure is emotionally draining, but knowing she had a trusted ally helped ease the burden. The title insurer took care of everything, allowing Sarah to focus on her life, career, and dreams.
The definitions provided here are for convenience and general informational purposes only. This information is not intended to be, and does not constitute, legal advice. This website and the information provided should not be used as a substitute for the counsel and services of a licensed attorney regarding the applicability of the information to your specific situation or jurisdiction.
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The definitions provided here are for convenience and general informational purposes only. This information is not intended to be, and does not constitute, legal advice. This website and the information provided should not be used as a substitute for the counsel and services of a licensed attorney regarding the applicability of the information to your specific situation or jurisdiction.
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The definitions provided here are for convenience and general informational purposes only. This information is not intended to be, and does not constitute, legal advice. This website and the information provided should not be used as a substitute for the counsel and services of a licensed attorney regarding the applicability of the information to your specific situation or jurisdiction.
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Title insurance is one of the most cost-effective types of insurance you can purchase, offering comprehensive protection for a one-time, regulated premium.
In most states, rates are promulgated, meaning they are standardized and set by state authorities to ensure fairness and transparency.
For a relatively low, one-time fee, title insurance safeguards your homeownership rights for as long as you or your heirs own the property, providing peace of mind.
Learn how title insurance has helped protect homeowners.
