When you buy a house, you’re taking on some risks. Past owners may not have done paperwork correctly, or they may have engaged in fraudulent activity related to the property. Owners Title insurance protects you against any problems related to your deed or property ownership that might come up after you buy a house. Some of these potential issues include:  


Incorrectly filed deed. If a mistake is made on the deed, such as it is not recorded in your legal name, ownership of the property could be unclear.Falsified information on the deed. Such as a forged signature or altered details about the property  


Mortgage fraud. A past owner could have made it look like a mortgage was paid when it actually wasn't, leading the past lender to foreclose.Liens. These are statements of debt filed against the property. They could be from a homeowners association where a fine wasn't paid, a contractor who wasn’t paid for work completed or the government if property taxes weren’t paid.  


Encroachments. If the property line isn't clear and a neighbor builds a fence or outbuilding on your land, this impacts your property rights as well as protects you against an existing improvement that encroaches on their property.  


Easements. Someone else may have rights to a part of your property, such as a utility company, but that's not discovered during the buying process


AAA Lendings is a direct mortgage lender with over 30 years of lending experience. We have a group of experienced professionals providing services for home buyers and people with mortgage needs. We offer 100+ customized loan programs in conventional, FHA, VA, EZ qualified and foreigner nationalloans. We always put customer's needs first and provide the best customized solution for each customer.

 

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