Colony Title Group, Ltd.

Maryland Real Estate Title Insurance : MD : DC : VA

What Issues does Baltimore Title Insurance Protect you from?

Title Insurance BaltimoreHaving title insurance can help you protect one of your greatest assets: your home. As with anything, there are problems that regularly arise involving titles. You should be aware of these problems and know how title insurance can protect you from Baltimore title problems.

  • Discovering other ownership rights – Although a will isn’t always discovered at the time of someone’s death, many times a legal document with someone’s final wishes will be found months or even years later. If the will is found and you’re already in possession of the home, it could cause questions pertaining to your ownership rights. Title insurance can help protect against this. Heirs can also try to contest your rights to own the home later on if it’s found that the property usually passes through familial ownership.
  • Unidentified liens – Sometimes, as is usually the case in foreclosures, there are liens placed on the home by the bank or other lending institutions. Although the balance isn’t yours, if they discover the lien when you own the home, it could fall on your shoulders. This is where title insurance once again comes in handy. It can help protect you against financial institutions and problems pertaining to the title before you owned the home.
  • Common mistakes – We’re all human and mistakes are easy to make. Sometimes these mistakes happen in public records or in survey/boundary examination. Though these mistakes are generally accidental, they can cause you serious problems down the line if you don’t protect yourself against them. With the right title insurance, you can be sure that any mistakes that have been made somewhere in the buying/selling process won’t affect you.
  • False documents – This obviously has nothing to do with mistakes. Sometimes people do things out of greed or to make certain gains. Forged or false documents can lead to huge problems after the purchase of a house. Make sure that your title insurance covers this, just in case the home you’ve purchased has an unforeseen issue with its past residents.

When you buy a home, you should be prepared to purchase the title insurance that goes with it. Talk to your Colony Title Insurance provider to get started protecting your Maryland home investment as soon as possible; any hesitation in buying title insurance could cost you your dream home.

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 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!

You can also follow Colony Title on FacebookTwitter, and LinkedIn

Source: http://www.titleinsuranceblog.com/

What Is Deed Preparation?

Transferring a property deed from one party to another may seem simple enough, but the many kinds of deeds that are available can make things more complicated. Different deeds need to be used in different situations. In addition, in order for the deed to be legally valid, it helps to have someone with experience in deed preparation on your side. That’s why Colony Title in Baltimore offers deed preparation service in Baltimore and the surrounding areas.

We can provide your assistance with:

  • General warranty deeds
  • Special warranty deeds
  • Quitclaim deeds
  • Life Estate deeds
  • Personal Representative’s Deed
  • Confirmatory or Corrective Deed

Please contact us for more information on deed preparation in Baltimore.

For more information about title insurance in Baltimore:

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

If you have questions, the Maryland real estate insurance experts at Colony Title Associates can be reached by calling 410 884-1160 or visit ColonyTitle.com today!

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 area.

You can also follow Colony Title on FacebookTwitter, and LinkedIn

Source:

The Difference Between Quitclaim Deeds and Gift Deeds

How Can I Stay Safe From Mortgage Scams?

Last month, title insurance companies in Florida were challenged to safeguard against potential mortgage fraud, as counterfeit Bank of America short sale approval letters were being issued to soon-to-be homebuyers across the state.  The forged letters used the bank’s logo as well as language comparable to what the company normally issues in its statements and notices; the scam resulted in an estimated $10 million in losses.

Bank of America responded quickly, however, and title insurance companies cooperated, verifying letters by calling an automated number.  The bank was willing and amenable to confirming approval letters, following the motto “it’s better to be safe than sorry.”

The fraudulent activity caused homebuyers to purchase properties they mistakenly thought had clear titles, but in reality were devalued and subject to high-cost liens.

In order to prevent similar embezzlement, real estate agents, title companies, and owners are encouraged to follow through with the negotiator in order to verify that the approval letter is authentic.

At Colony Title, we go above and beyond our customers’ expectations in conducting thorough title searches and securing title insurance.  To prohibit against fraud when closing on your home – whether you’re looking into purchasing a foreclosure or otherwise  – contact the experts at Colony Title Group.  Our team will offer you peace of mind and ensure avoidance of title defects and costly claims.

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 area.

You can also follow Colony Title on Facebook, Twitter, and LinkedIn.

Sources:

Scams on short sale approvals

Why Do I Need Title Insurance?

Title insurance is a necessity when purchasing a home. It protects you, the property owner, against any claims made about the property. A title insurance policy will work as a defense in court if there are any claims made against your property.

There are two types of policies available to homeowners:

  • Owners Policy of Title Insurance
  • Loan Policy of Title Insurance

Title insurance differs from other types of insurance because it can protect you from events that have taken place in the past where other types of insurance protect you from problems that might arise in the future.

For more information about title insurance in Baltimore:

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

If you have questions, the Maryland real estate insurance experts at Colony Title Associates can be reached by calling 410 884-1160 or visit ColonyTitle.com today!

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 area.

You can also follow Colony Title on FacebookTwitter, and LinkedIn

Source:

https://www.americantitlehouston.com/WhytitleIns.aspx

Title Insurance in Baltimore? What is it?

Title insurance is one of those things that you need to fully understand in order to be considered a real adult, but it’s also not something that they teach you in school. In order to further your understanding of title insurance, the experts at Colony Title here in Baltimore have put together a little bit of information to help you understand.

For the question of the day, we answer “what is title insurance?” Because many people seem confused about the topic.

In short, title insurance is an insurance policy between you (the homeowner) and Colony Title (your title insurance provider.)

Title insurance will help protect you from any defects with the title of your home or from any unforeseen legal problems with your home’s title. This includes the cost of hiring an attorney to defent the title of your home.

In short, title insurance is a necessaty when owning a home, so what are you waiting for? Contact the experts at Colony Title today!

For more information about title insurance in Baltimore:

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

If you have questions, the Maryland real estate insurance experts at Colony Title Associates can be reached by calling 410 884-1160 or visit ColonyTitle.com today!

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 area.

You can also follow Colony Title on FacebookTwitter, and LinkedIn.

Source:

http://www.dicksontitle.com/titleinsurance.shtml

Title Insurance in Baltimore

Title insurance is one of those things that is important to purchase when you buy a new home. It’s like a front door, you can’t enter the home without it.

Title insurance is what will assure that your property is yours and your home will be marketable. Title insurance will protect you and your home as long as it belongs to you.

Without title insurance, if an issue arises on your Baltimore home, you are responsible financially to fix the problem. Title insurance will help make sure that you are protected in case an issue arises.

For more information about title insurance in Baltimore:

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

If you have questions, the Maryland real estate insurance experts at Colony Title Associates can be reached by calling 410 884-1160 or visit ColonyTitle.com today!

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 area.

You can also follow Colony Title on FacebookTwitter, and LinkedIn.

How Can I Choose A Maryland Title Insurance Company?

As we have told you before, you have the right to choose your own title company, under Section 9 of the Real Estate Settlement Procedures Act (RESPA). And while that is all fine and dandy, it does you no good in actually finding a quality title insurance company.

Where do you begin?

Where do you look?

How can you be sure you are choosing a reliable title insurance company?

Choosing a Maryland Title Insurance Company

  1. Do not let the seller, Realtor, or bank try and persuade you to choose their title company. As we have already said, you have the right to choose whatever title insurance company you want.
  2. There are many title companies that possibly work exclusively with 1 real estate company, one lender or one homebuilder. While this is by no means a bad thing, some title companies take advantage of this relationship. So be careful.
  3. While title insurance fees in most states are regulated by the States Department of Insurance, ancillary fees charged by title companies often times can create a significant difference from one company to the next. So shop around.
  4. Compare the services different title companies offer. That, compared with the varying prices, should give you a good idea of what title company will give you the best overall deal.
  5. Has the title agent worked in the industry for a while? Remember, experience matters when dealing with commercial deals, short sales, refinances, 1031 exchanges, bank owned properties, REOs, Seller Financed properties, Installment Sales, and more!
  6.  Trust Colony Title Associates!

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

If you have questions, the Maryland real estate insurance experts at Colony Title Associates can be reached by calling 410 884-1160 or visit ColonyTitle.com today!

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 area.

You can also follow Colony Title on FacebookTwitter, and LinkedIn.

Sources:

How do I choose a Title Company?

What Is Title Insurance and Why Do I Need It?

In short, title insurance is an insurance policy that will protect you (the landowner)

But, why do I need title insurance?

Well title insurance can help protect you (the landowner) and it can also make sure you are receiving the certain privileges you are entitled to as a land owner.

A home is usually the largest single investment any of us will ever make. Title insurance protects against loss of value from hazards and defects that may exist in the title. These hazards include fraud, forged signatures on deeds, unknown property heirs, liens, and documentation errors. If you were uninsured and your right to title is challenged, you could lose significant money defending yourself or you could lose your home. Your mortgage lender will require a loan policy of title insurance to protect their interest in the value of your property and a homeowner should purchase an owner’s policy for the very same reason.

What Is A Title?

A title, is part of your insurance, it provides you with the right to build on your land

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 of experience in the title and real estate law fields. Colony Title Associates handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the area.

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

You can also follow Colony Title on FacebookTwitter, and LinkedIn.

Common Title Insurance Questions from Your Baltimore Title Insurance Provider

Title insurance can be a difficult thing to understand if you have never needed it before. Fortunately for you, the experts at Colony Title, your Baltimore title insurance company are here to help  you out.

What is title insurance?

Title insurance is an insurance policy that protects you, the title owner of your land.

Why do I need title insurance?

As a property owner, you are entitled to certain rights. Title insurance in Baltimore or anywhere will help protect your rights on your property.

What claims or risks are covered by title insurance?

This depends on the level of coverage you sign up for. There is standard coverage, extended coverage and more. Talk to your Baltimore title insurance provider about which option is right for you.

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 of experience in the title and real estate law fields. Colony Title Associates handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the area.

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

You can also follow Colony Title on FacebookTwitter, and LinkedIn.

Source:

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

If I Am Refinancing, Do I Need Title Insurance in Maryland?

When you refinance, you’re obtaining a new loan, but it’s for the same property, so many people think that title insurance doesn’t come into play here. Actually, it’s very likely that you will need title insurance when you refinance. Most lenders require a new title search to be executed and a new Loan Policy in order to protect their investment in the property which is being refinanced.  There are issues that can come up with the title, such as a judgment placed on the property due to unpaid taxes or homeowner dues, which is why the lender will execute a new title search in order to keep abreast of any issues. However, you won’t need a new Owner’s Policy because this is good as long as you or any heirs have an interest in the property. Overall, the takeaway here is that yes, you do need title insurance when you refinance in Maryland.

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 of experience in the title and real estate law fields. Colony Title Associates handles closings for several lenders, including banks, credit unions and mortgage brokers. Colony is the preferred choice for many real estate brokers in the area.

Colony Title specializes in real estate title insurance, real estate settlement services, and real estate closings in Baltimore, Columbia, Maryland, Washington DC, and Virginia. Our staff consists of licensed Title Insurance Agents, Real Estate Agents, Settlement Processors, & Attorneys to handle all of your real estate needs.

You can also follow Colony Title on FacebookTwitter, and LinkedIn.

Source:

http://www.homeclosing101.org/whyneed.cfm