Residential Title Insurance
Sleep soundly knowing you’re covered: Enjoy the peace of mind that comes with having a safety net against hidden risks.
Residential
Your residential real estate closing is in good hands at Guard Title. We believe in harnessing the power of cutting-edge technology to streamline the process. Our secure online portal keeps you informed and in control every step of the way. But we also understand that technology is no substitute for human connection. That’s why our exceptional customer service team is always there to answer your questions, address your concerns, and lend a supportive hand.
- Experience a smooth and efficient closing
- Stay informed every step of the way
- Close on time and on budget
- Demystify the title process
- Start your homeownership journey with confidence
Guard Title has helped my company close more deals faster. They have been proven trusted advisors in the success of my business and ventures again and again.
David Jhon
Real Estate Operator
FAQ
What is Residential Title?
Residential title, in the context of property ownership, can have two meanings:
1. Legal Right to a Dwelling: In its simplest form, residential title refers to the legal right to own and occupy a specific residential property. This includes houses, apartments, condominiums, and townhouses. The title is documented in a legal instrument called a “deed,” which outlines the owner’s rights and responsibilities.
2. Title Insurance Protection: More often, the term “residential title” is used in connection with title insurance. This is a type of insurance that protects homeowners from potential legal challenges to their ownership of the property. These challenges could come from various sources, such as:
- Hidden liens: Unpaid debts against the property by previous owners.
- Forged deeds or fraudulent claims: Someone else falsely claiming ownership.
- Errors in public records: Mistakes in property records causing ownership confusion.
- Boundary disputes: Uncertainties about the property’s exact boundaries.
Title insurance provides financial protection against these risks by covering legal fees and expenses incurred to defend your ownership rights. When buying a home, obtaining a residential title insurance policy is standard practice to ensure peace of mind and secure your investment.
In summary:
- Residential title can refer to the legal right to own a home.
- Title insurance protects homeowners from potential legal challenges to their ownership.
- Obtaining residential title insurance is recommended for new homeowners
What is Commercial Title?
Commercial title refers to the legal right to own and occupy a property used for business purposes, such as office buildings, retail stores, factories, warehouses, or multi-unit apartment complexes. Similar to residential title, it’s documented in a deed specifying ownership rights and responsibilities.
However, commercial title is often more complex than residential title due to several factors:
- Zoning and permitting: Commercial properties have stricter zoning regulations and require specific permits for operation, adding potential legal complexities to ownership.
- Financing: Commercial properties typically involve larger financial transactions and more intricate loan structures, demanding greater scrutiny of the title’s legal status.
- Intellectual property: Some commercial properties may encompass unique assets like brand names or patents, which must be factored into the title to ensure proper transfer and protection.
- Environmental concerns: Potential environmental liabilities (e.g., contamination) associated with the property must be investigated and addressed in the title documentation.
To address these complexities, commercial title insurance plays a crucial role for owners and investors:
- Protecting against hidden liens and encumbrances: Similar to residential title insurance, it shields against hidden debts or claims on the property that could disrupt ownership.
- Mitigating title defects: It provides financial protection against legal challenges arising from errors or missing information in the title’s history.
- Enabling smooth transactions: It facilitates smooth closing by ensuring clarity and security of ownership for buyers and lenders.
In essence, commercial title is about securing your ownership of a business property and reducing financial risks associated with potential legal challenges. Obtaining comprehensive commercial title insurance is essential for anyone investing in or acquiring such properties.