Dec 17 2007
What is Title Insurance Part 4: Does a title search reveal all defects in the title?
The final post from the “What is Title Insurance” series provided by Lori Tubbs, Chicago Title Insurance Company of Oregon.
Does a title search reveal all defects in the title?
It may not. For instance, there may be undisclosed heirs; the previous owner may have incorrectly stated his marital status; a prior owner may not have been mentally competent or may have been a minor. There may have been a fraudulent transfer in the past, or a forgery. Confusion due to similar or identical names may have caused someone to overlook a lien, or there may have been errors in the county records such as a wrong indexing. Discovery of any of these defects can arise after you have purchased your home and can jeopardize your rights.
Popularity: 2% [?]
