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When
you purchase a home or any other type of real estate you should
be thinking of insurance to protect your investment. You would not
think of buying a house without fire insurance. Likewise you should
not purchase the house or any other real estate without title
insurance.
When
you buy the property title to the property is passed to you by delivery
of
a deed. This
occurs
at settlement or closing. When
the deed is registered with the county Recorder of Deeds,
your title to the property
is established. Each county in the state keeps records of the titles,
which go back for over a hundred years. Tracing the passage of title
through those years establishes the chain of title and describes
any recorded occurrence that affects the title. However, there are
occurrences, which may affect the title outside of the record.
The Title Company performs many functions at and before the settlement
or closing which assures that "clear title" is passed to the
purchaser and insures that title.
This form of insurance is called title insurance. The fees that are charged are fixed by state regulation; therefore, no title insurance company can charge more or less than that fixed fee.
However, what one title company can offer over another is better service and expertise.
DuffyNorth Abstract Company offers superior quality service and
expertise.The attorneys and staff who run the company have years
of experience in all phases of title work. Our staff is educated
and experienced so as to provide the service that makes your experience
in this important transaction a comfortable and pleasant one. Call
or e-mail
our Title Officer, Karen VanArtsdalen for rates and more information.
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