Title Insurance

Title insurance provides buyers and lenders with protection against losses from certain title issues including forgery, fraud, and liens.  These issues can limit a homeowner’s use and enjoyment of their property and restrict the sale of the property in the future.  you’ll want to know that no other individual or entity has a right, lien or claim to the property.

We are offer a full range of Title Insurance and Escrow Services from contract to closing including:

  • Searching & evaluating all property and municipal records to determine insurability and clean title history
  • Delivering a title commitment
  • Clearing any defects
  • Issuing the title insurance policy
  • Escrow/Settlement Agent

Title insurance is the protection of your residential or business property. The basis of title insurance is an examination of the public records. In our Attorney reviewed title examination, Fairway Title Company will identify all of the information about the property to be purchased, including the existence of any potential defect in the title to the new owner. Defects can range from a lien against the property held by a lender, municipality, and/or governmental agency to even a separate claim of ownership on the property. A study by the American Land Title Association revealed that in 36% of all real estate transactions a problem or defect in the title was discovered through the title examination process. The Attorney research and corrective work at Fairway Title will eliminate the chance that someone will make a claim against your property and your title. Title insurance can offer coverage for certain defects in the title that can arise even after the closing and were not identified and addressed.

Title insurance rates and premiums are based upon the purchase price of a property. Title insurance premiums are regulated and promulgated.  Title Insurance is paid one time and an Owner’s Policy covers the buyer as long as they own the property. A Loan or Mortgagee Policy covers a lender for the life of the loan.