Colony Title Group, Ltd.

Maryland Real Estate Title Insurance : MD : DC : VA

Why You Should Get Title Insurance in Carroll County

A smart homebuyer knows that their home is an investment in their family’s future, which means that it’s important to protect this investment in any way possible. Getting title insurance in Carroll County is one of the best ways to do this.

Everyone has home insurance to protect their home from damage, but home insurance doesn’t protect your home from claims on the title. A claim on your home’s title could cost you thousands of dollars and a protracted legal situation. Not to mention that the worst case scenario could be that you lose your home. Title insurance protects you from this, which is why it’s so important to consider title insurance for your new home in Carroll County.

What is a Title Claim?

A title claim is when a third party says that they have rightful ownership of your home because they have a legitimate interest in the home’s title. There are a number of reasons this can happen. Errors in filing made long ago can create loopholes that allow for a third party to make a legitimate claim. Fraud is another method by which title claims can be made. These are just a few examples; there are other ways a legitimate claim can be made on your home’s title.

How Does Title Insurance in Carroll County Protect You from Claims?

If someone makes a claim on your home’s title and you have title insurance in Carroll County, your title insurance company will handle the litigation process and legal costs. A settlement can be reached with the third party to allow you to keep your home. Without title insurance, you run a much higher risk of losing your home.

Title Search Protection

Title insurance in Carroll County also protects you before you even buy your home. When you choose to purchase title insurance, your title company conducts a title search, which is a search of local records that can uncover many potential problems with your home’s title. Unpaid taxes or liens may still be associated with the title, for example. If you were to buy the home without knowing this, these would become your responsibility, and you could be held liable for them. The title search prevents this from happening.

To learn more about why you should get title insurance in Carroll County, contact Colony Title today.

title insurance Carroll County

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

 

The Benefits of Title Insurance in Prince George’s County

Buying a home in Prince George’s County is an exciting process, especially for a first time homeowner. And one of the best ways to protect the huge investment you’re making in your home is with title insurance. Title insurance helps you protect your home from claims against the title, which could make the difference between you keeping your home and losing your home. Learn about the benefits of title insurance in Prince George’s County in this week’s blog.

The Benefits of Title Insurance in Prince George’s County

A Title Search

When you buy title insurance in Prince George’s County the title company conducts a title search, which means they go through all the records relevant to your home’s title. This is to see if there are any unpaid liens, mortgages, loans, or other problems that are still outstanding on the home’s title. If any of these are found, they can be taken care of before ownership of the home is transferred to you. If you were to buy your home without conducting a title search, you would become responsible for any unpaid taxes, etc., which you definitely don’t want. The title search helps take care of these problems to make sure they don’t become yours.

Protection Against the Unseen

A title search can find a lot, but it can’t uncover every potential problem with a home’s title. This is because of mistakes which may have been made in filing records many years ago. It could also be because a previous owner made a forgery or fraudulent change to a record in the past. It’s not impossible that this could have happened to your home’s title, which makes it especially important to protect yourself with title insurance in Prince George’s County.

It Protects You Against Title Claims

The last thing you want it for someone with a legitimate claim to your home’s title to come forward. This can happen however, and usually does because of one of those unseen errors we just talked about. If it does, title insurance in Prince George’s County can be the difference between keeping and losing your home. Protect yourself against every possible situation and get peace of mind with title insurance. Talk to Colony Title Associates today to learn more.

title insurance Prince George's County

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

What are the Advantages of Title Insurance in Frederick County?

One of the many components of buying a new home is considering whether you also want to purchase title insurance in Frederick County. Your home is your most valuable asset, and title insurance can help you protect that asset. Learn about the many advantages of title insurance in Frederick County in this week’s blog!

The Advantages of Title Insurance in Frederick County

The Title Search

If you choose to purchase title insurance in Frederick County, the title company will conduct a title search. This is a thorough examination of all the records related to your home’s title. The purpose of this is to find any problems with the title that are still outstanding. This can save you a lot of trouble, because if you don’t take care of these problems before the title is transferred to you, they become your problems. You can face everything from unpaid taxes and liens to creditors calling you for a debt you now owe. The title search helps you avoid these problems right from the start.

Long-Term Protection

Of course, the title search can’t find all of the potential problems with a home’s title. Records show a lot, but they don’t show everything. This is due to errors in filing, and more deliberate actions like fraud and forgery. For protection against these unknown variables, you need title insurance in Frederick County. Why? For protection against third-party title claims.

Protection Against Title Claims

It could be that because of a filing error, forgery, or other long-ago action, that a third-party has a legitimate claim to the title which you thought was yours and yours alone. If that person brings legal action against you, your title insurance in Frederick Company will protect your home and foot the bill for court costs.

You Leave Nothing to Chance

Are you willing to take the chance that someone might be able to claim ownership of your home’s title? With title insurance in Frederick you leave nothing to chance, and give your home full protection under any circumstance. Talk to Colony Title Associates today for more information about title insurance in Frederick County.

title insurance Frederick County

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

Five Reasons to Get Title Insurance in Montgomery County

If you’re buying a new home in Montgomery County, you’re probably wondering whether or not you should get title insurance. You’re not required to purchase title insurance for yourself, but you do have to for the lender. And it’s a good idea to get it for yourself for a number of reasons. Here are five great reasons to get title insurance in Montgomery County for your new home.

Five Reasons to Get Title Insurance in Montgomery County

It can clear up certain issues right away.

There are a number of title issues that can be cleared up right away when you purchase title insurance in Montgomery County. This is because the title company will perform a title search that looks for discoverable issues with the title. These include things like unpaid taxes and liens on the title. Even though these were levied on a previous owner, they will become your responsibility if you purchase the home unaware that they exist. Your title company in Montgomery County takes care of these issues before you buy your home.

It protects you from title issues that can’t be discovered.

Some problems with a home’s title just can’t be found, no matter how much searching is done. These include problems related to fraud, forgery, or a misplaced record. Title insurance protects you from these issues.

You don’t have to worry about claims on your title.

A claim on your title is when someone who has a legitimate stake in the ownership of the property tries to claim this stake. If you don’t have title insurance in Montgomery County, this will cost you a lot of money to take care of, not to mention the fact that you could lose your home. Title insurance protects your from claims on your title so you can be worry-free.

Your lender requires title insurance.

Your lender will require that you purchase title insurance for them. They know the value of title insurance in Montgomery County.

You can take care of it as part of your home purchase.

Adding title insurance to the purchase of your home is easy to do and well worth it in the long run.

title insurance Montgomery County

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

Do I Need Title Insurance in Anne Arundel County?

Do I need title insurance in Anne Arundel County? Home buyers need to ask themselves this question. And while you’re not required to buy title insurance for yourself, there are many good reasons to do so. Let’s talk about why you might need title insurance in Anne Arundel County.

Why you should get title insurance in Anne Arundel County

You can never know if your title is completely defect free.

When you buy title insurance in Anne Arundel County, a home title company conducts an extensive title search to determine if there are any defects in the title that can be found in land records. However, there are defects that are impossible to find in these records. This happens because there was a filing error, or a fraudulent act on the part of a past owner. Regardless, a title search can’t find every defect with a title. This is one great reason why you need title insurance in Anne Arundel County.

You already have to get it for your lender.

You’re required to purchase title insurance for your lender. So why not get it for yourself too?

You’ll never have to worry about a claim on your title.

Imagine always wondering if someone might come out of nowhere with a valid claim on your home’s title. Now imagine never having to worry about this. With title insurance in Anne Arundel County, you’ll be in the second camp. And it will definitely be worth it.

title insurance Anne Arundel County

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

Title Insurance in Maryland: A Worthwhile Investment

If you’re buying a new home, you’re probably consider whether or not to invest in title insurance for your home. While you’re not required to purchase title insurance for yourself, you are required to purchase it for the lender. There’s a good reason for this. The lender realizes the value of title insurance and its ability to protect it against claims against the property’s title that could otherwise result in lengthy and expensive legal contests. Let’s talk about some of the reasons why title insurance in Maryland is a worthwhile investment for you, the buyer.

Investing in Title Insurance in Maryland

It protects you from third-party title claims.

Title insurance in Maryland offers you protection from third-party claims on your home’s title. Though the title search can uncover some potential problems with your title and take care of them before the purchase of your home, there are some problems that can’t be discovered. Often these are the result of filing errors or forged documents. This is why it’s essential to have title insurance as a means of protection against these unforeseen problems.

It’s a one-time fee.

You purchase title insurance during the purchase of your home. Once you’ve paid for it, you’ll never have to do so again. Title insurance is a one-time fee that could end up saving you a substantial amount of money in the long run.

It could end up saving you your home.

The worst case scenario you could encounter would be a legitimate claim to your home’s title from a third party with no title insurance to protect you. It’s very possible that you could lose your home in this situation. Title insurance brings you the peace of mind that comes with knowing your home is safe.

 title insurance maryland

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

 

Title Insurance in Baltimore: What are the Benefits?

title insurance

Title insurance is a terrific investment for the new and old homeowner. When you buy a home, you expect to enjoy certain benefits from ownership, such as occupying and using the property as you wish. Owning title insurance means you are protected from any potential claims on your property from someone other than you. While your title company may have done a thorough title search prior to settlement, there are sometimes issues that slip through the cracks. Titles may be filed erroneously or recorded incorrectly due to human error. It may also be a result of fraud by a previous owner that was never discovered.

Should someone try to make a claim on your property, it can mean a long, lengthy, and expensive legal process to try to keep your home. Some homeowners who are subjected to this process have loss their homes along the way. To keep that from happening to you, consider investing in title insurance in Baltimore.

The cost of title insurance varies depending on the value of your property. However, a great benefit to title insurance is that you pay once and only once. You are covered as long as you own the property. You can also transfer the warranties of title to someone who buys your property, continuing the title insurance coverage. The benefit of having peace of mind should someone make a claim on your property is doubled when you consider it is a one-time payment. Remember, title insurance includes coverage for legal expenses, which can include investigations, litigations, or settlements on an adverse claim. Save your money for a rainy day and let Colony Title Associates help with your title insurance needs in Baltimore – give us a call today at 410-884-1160 or visit ColonyTitle.com. 

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings per year in the central Maryland area. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning title insurance benefits in Baltimore, feel free to contact us at 410-884-1160 or visit ColonyTitle.com today!

Sources:

http://colonytitle.com/blog/category/baltimore-title-insurance/http://www.firstam.com/title/resources/reference-information/title-insurance-reference-articles/q-a-about-title-insurance.html

 

Close Fast with Real Estate Closing Services in Maryland

Closing on a property is an exciting time for all the parties involved. The buyer, seller, and real estate agent are all almost complete with a process that has been months in the making. Now, all that’s left to do is reach a settlement, and close the deal.

Seems easy enough, right? Not necessarily. Murphy’s Law makes no exceptions for real estate closings. Things can and do go wrong, which can postpone the process and make everyone unhappy. In order to prevent this from happening, you can take advantage of real estate closing services in Maryland.

How Can Real Estate Closing Services in Maryland Help You?

Obtain Figures

As the title insurance company, we obtain:

  • Mortgage payoff amounts
  • Tax figures
  • Water figures
  • Homeowners association figures

Document Preparation

We prepare relevant closing documents including:

  • The deed
  • Settlement sheet
  • Title insurance commitment
  • Loan documents

Fund Disbursement

Funds are collected and disbursed to the appropriate party.

Record Keeping

All necessary documents are recorded in the local real estate records, including:

  • Deeds
  • Mortgages
  • Mortgage releases.

Issue Final Title Policy

After all of the documents have been recorded, we issue the final title policy, and the closing is complete!

real estate closing services Maryland

Working with Colony Title makes real estate settlements and closing easy. Talk to us today for more information on our real estate closing services in Maryland.

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

Should I Get Title Insurance in Howard County?

Should I get title insurance in Howard County? This is a question you’re bound to ask yourself if you’re buying a new home in Howard County. And unlike many aspects of the home buying process, the answer to this question, we believe, is very straightforward. Here are a few great reasons you should get title insurance in Howard County for your new home.

Why You Need Title Insurance in Howard County

The title search uncovers potential problems with your title.

Potential problems on your home’s title include financial encumbrances such as unpaid liens or taxes. Even if these weren’t your responsibility before, they become your responsibility when you purchase the property. A title search is performed and local records are examined to determine if encumbrances exist on the title, so they can be dealt with before you purchase the property. Don’t let unpaid taxes become your responsibility!

Title insurance protects you from problems that can’t be found.

Though the title search is useful, it can’t uncover every potential title problem. Some, such as fraud, forgery, or misfiled records, cannot be discovered by any title search. This is where title insurance in Howard County comes in. This is your protection from claims that could arise as a result of these kind of title problems. Title insurance in Howard County is essential to protect yourself from title problems that can’t be anticipated.

You must purchase it for the lender.

Regardless of whether you get title insurance for yourself, the homeowner, you are obligated to buy title insurance for your lender. While you’re at it, it’s a smart decision to get title insurance for yourself too.

Your peace of mind is worth it.

The sense of finality once you sign the final documents and officially obtain ownership of your new home is a feeling that is hard to match. But if you don’t have title insurance in Howard County, you’ll always be wondering if a claim will surface. Protect yourself with title insurance in Howard County. Your peace of mind is worth it.

title insurance Howard County

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

What is the Difference Between a Clear Title and a Marketable Title?

If you’ve been doing a little research on home titles and title insurance, you may have come across the terms “clear title” and “marketable title.” These are both terms that inform us as to the status of the title on a home. The first thing you should know is that both a clear title and a marketable title are a good thing. However, there are a few differences between the two that are worth knowing. Learn about clear and marketable titles in this week’s blog!

Clear Title

A clear title is a title to a property that has no encumbrances. An encumbrance is anything that detracts from the status of a fee simple title, which is the “maximum and best possible right of ownership of real property.” Essentially, a clear title gives you free reign over your property. You can build whatever you want wherever you want it on your property, so long as it doesn’t cross the property line. A clear title also has no financial encumbrances on it from previous owners such as unpaid taxes, mortgages, liens, etc.

Marketable Title

A marketable title is a title that may have encumbrances on it, but these encumbrances would not be cause for concern regarding litigation or sale of the property at a fair market price. Essentially what this means is that there are no financial encumbrances on the title such as unpaid taxes, etc., but there are land use encumbrances on the title. These include things such as zoning restrictions or building restriction lines. Or it may include a piece of property which crosses the owner’s property in some location, such as a public walkway to the beach at a beachhouse. It is understood that these land use encumbrances may limit what the owner can do on his or her property and may diminish its value, but overall the title is clear enough to sell at a fair price, and without fear of litigation as a result of financial encumbrances.

Unmarketable Title

An unmarketable title would be a title that is hindered by financial encumbrances or certain other encumbrances such as a violation of zoning restrictions. This title could not be sold, thus making it unmarketable.

clear marketable title

About Colony Title Associates:

Founded in 1995, Colony Title Group handles in excess of 2000 real estate closings in Washington DC and the Delmarva area every year. The founder Tee Tillman has over 23 years experience in the title and real estate law fields. Colony handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the Baltimore area. If you have any questions concerning issues that Baltimore title insurance protects you from, feel free to contact us at 410 884-1160 or visit ColonyTitle.com today!

Source

http://smallbusiness.chron.com/difference-between-clear-marketable-title-20408.html