While this is hardly an exhaustive list, some of the most common title “defects” we see are:
There is no way we would be able to list every issue that can occur, but in many instances title defects create a “cloud” in the title and, in some cases, even make the title unmarketable.
Should any of these title issues become a claim, then the title insurance company will either provide the means to cure the defects, or pay for any losses sustained (under the terms and conditions of the policy). A few title companies—including RP Title—will also provide legal counsel to the insured and, if needed, fight to protect his/her rights throughout the title claim.
RP Title was founded on a very simple idea: put the consumer first. Most title companies are sadly designed to benefit no one but themselves, lining their pockets at the expense of the very people that allow them to stay in business. These people deserve better. From the very beginning, we wanted to do things the right way and provide a professional service that not only achieves results, but achieves results that always, always represent the client’s best interests—even if that means ultimately doing business with someone besides us.
While we believe our expertise and quality of service is unparalleled in the industry, we understand that no company can be everything to everybody. This is why we encourage every consumer that comes through our door to shop around to seek industry professionals that best suit their particular situation. If we can’t provide you with the best possible service the title industry has to offer, we want you to find somebody who can.
Having said that, we are extremely confident that no other title company can offer quite the level of service we can. Listed below are just a few reasons why RP Title stands out from the crowd:
Free Legal Counsel – As an attorney-owned agency, we always have full-time legal professionals and attorneys on hand as a resource for both our clients and business affiliates.
Professional Closers – Each of our closers has over 10 years of real estate and title experience.
Fast, Convenient, On-Time Service – We offer 24-hour delivery of title searches and commitments. This includes afterhours, weekends, and evenings—even for offsite closings.
Nationwide Closings – If we do not have a location near you, we work with a respected third-party affiliate who does. We also offer services in Central America, South America, and locations throughout the Caribbean.
FAST Closings – We will be ready to close before you. We guarantee it.
Owner’s Policy of Title Insurance – Issued to the buyer of the home, this policy protects the interests of the buyer up to the purchase price of the property.
Lender’s Policy of Title Insurance – If a buyer is taking out a mortgage for the purchase of a property, this is the policy issued to protect the lender’s interests up to the original loan amount.
The costs for each type of insurance are regulated by the State Department of Insurance. The Department issues rates that are allowed to be charged by the title companies, called promulgated rates. The link below will give you a brief overview of the current rates approved by the Department: