Chicago Title Agency of Ross County, LLC offers real estate closings, ALTA Homowner’s, ALTA Owner’s and ALTA Lender’s Title insurance and Notary closings.
Title insurance is a policy in exchange for a one-time premium paid at closing. This one-time cost protects against future losses resulting from defects in the title to real property that exist at the time of purchase but are unknown or undisclosed.
Chicago Title Agency ensures that all legal documents during a property transaction get signed and delivered to the required authorities.
The Owner’s policy protects you from defects and liens in the history of your title through the date and time your deed is recorded in the public records.
The Homeowner’s policy takes your protection to a higher level by providing coverage for many additional risks, including some that might occur after the deed has been recorded.
This is sometimes called a loan policy and it is issued only to mortgage lenders. Generally speaking, it follows the assignment of the mortgage loan, meaning that the policy benefits the purchaser of the loan if the loan is sold.