Title insurance is an extremely useful legal instrument that keeps you from suffering any loss if any problem arises with the title of a prospective property. In a majority of cases, the person selling the property is its original owner. There is a possibility that somewhere in the past, the property records had been flawed or tampered to show everything with it is up-to-date and in line with Indiana real estate laws. Perhaps the property taxes are unpaid or a document of the property’s purchasing or selling in the records are not legal. Other issues can include: undisclosed heirs, omissions or errors in the deed, and mistakes in examining records, among others.
Title insurance provides protection from several types of financial and legal issues that may stem from such issues. If you are thinking of getting a mortgage for your real estate purchase, it is recommended to have title insurance to get the loan. Insurance costs almost the same as the property’s purchase price, which is a one-time fee, paid at the time of closing. Moreover, it lasts for as long as the property belongs to you or your heirs have a stake in it.
At The Ghosh Law Office, LLC, we help you understand the importance of having title insurance and provide assistance in navigating through the process. Title insurance provides peace of mind that you will be covered from all sides, in the event any issues with the property or its title arise during the real estate transaction or in the future. Without it, you could be held financially responsible for property claims that can cost you huge amounts of money.
Our law firm has been helping clients all over Indiana with their title insurance and other real estate issues by providing competent legal counsel to meet their needs. Our clientele include contractors, homeowners, title companies, and small businesses, and we are capable of handling cases, such as:
At The Ghosh Law Office, LLC, we understand that closing a property successfully is a complex, difficult experience. We assist our clients with the procedure to apply for title insurance and ensure they are safe from any kind of insurance scams. Moreover, we work with you at every step of the way and help you understand your options, rights, and obligations pertaining to title insurance and searches. Contact The Ghosh Law Office, LLC today at (317) 572-8571 to schedule an initial consultation and evaluate your legal options.