Title Insurance Attorney – An Overview

When real property is purchased , the buyer needs to make sure that there are no problems with the property's title and that the seller in reality owns the property free and clear . That's the intent of a title search and title insurance A title company works for the title insurer and must focus on protecting their business , while an attorney focuses on protecting you , their client . Also , attorneys have an ethical responsibility to represent the client's interests , to advocate for their client and must answer to the State Bar . Title insurance attorney : An overview It is essential to have the assistance of a real estate attorney for any title insurance issues you may be having . Purchase of real estate is a significant investment , likely the largest you will make in your lifetime , and it is important to protect yourself against liability . Your attorney can conduct and review and title search , examine your title insurance policy , and assist you with ensuring that the transaction is completed legally and successfully . If you are seeking advice on an insurance coverage issue , always go for attorneys who specialize in providing clients with comprehensive guidance in all areas related to title insurance and litigation . We have a proficient team of real estate litigators with decades of experience representing insured owners and lenders of real estate . ( W ) GO 88 TITLE EE Agent error and omissions Breach of option agreements Coverage investigations and response Easement , boundary and access disputes Areas of Focus Litigation involving title and priority issues Mortgage fraud , forgery and Restrictive covenants Survey disputes Title claim investigation Title irregularities Underwriting ➤ The latest Market Share Analysis from American Land Title Association ( ALTA ) reveals that the insurance industry generated $ 6.5 billion in title insurance premiums during the second quarter of 2021 . ➤ The surge in home appreciation in active purchase and commercial markets helped drive a 56.3 % increase in premium volume compared to the second quarter . ➤ Net incomes increased 84.6 % in the latest quarter , surpassing previous records as the highest second quarter ever . Adverse possession , trespass and encroachment claims Presented By : Coverage litigation CAST Defalcation actions Escrow claims Mechanics lien defense litigation Title Insurance Industry 2021 : Key Takeaways Quiet title actions Right to first refusal claims ➤ Through the first six months of the year , the industry paid $ 221.1 million in claims , down from the $ 232.9 million paid in claims a year ago . Title defect litigation Title conveyance issues Title insurance coverage claims 0 ⓇX P 13 102 BL Validity and priority liens VALID 20 Sources : https://www.consumerfinance.gov/ask-cfpb/what-is-owners-title-insurance-en-164/ https://www.chase.com/personal/mortgage/education/financing-a-home/what-is-owners-title-insurance https://nationalmortgageprofessional.com/news/title-insurance-industry-generated-65b-q2 https://www.legalmatch.com/law-library/article/title-insurance-lawyers.html