Today more than ever, consumers are reminded that
in order to have peace of mind, they should purchase
an owner’s title insurance policy whenever they buy
a home.

This is especially true when buying a property that
has been foreclosed. Anyone who purchased an
owner’s title insurance policy when they acquired a
foreclosed property will be protected if ownership
issues arise due to a lender’s foreclosure documentation
practices. An owner's policy provides assurance
that your title company will stand behind you if a
covered title problem arises after you buy your
home.

The bottom line is that your title company will be
there to pay valid claims and cover the costs of
defending an attack on your title. Title insurance
compensates and provides legal representation to
real estate owners and lenders against any financial
loss that might arise because of undiscovered liens,
encumbrances or defects in the title to the property.
These defects can result in total losses, where a
defective foreclosure or forgery means legal title is
not actually conveyed, or they can result in partial
losses where a neighbor’s garage or fence encroaches
on the insured property.

For more information about title insurance go to
www.ortc.com or www.homeclosing101.org
Since 1907, Old Republic Title has weathered
challenging economic times, meeting obligations to
policy holders no matter what the conditions. With
underwriting expertise, exceptional products and
services, and a commitment to doing business with
integrity, Old Republic Title is a name you can trust.
Reprinted with permission from ALTA.org
(7.21.14)

Old Republic is providing this information as a free customer service and makes no warranties
or representations as to its accuracy.
Old Republic strongly recommends that consumers confer with their title insurer as underwriting
requirements vary among companies and further, obtain guidance and advice from qualified
professionals, including attorneys specializing in Real Property, Trusts and/or Title Insurance
to get more detailed, and current, information as to any particular situation affecting them.
Title Insurance Vital to
P R O T E C T I N G H O M E B U Y E R S