After the closing of your real estate purchase, we will issue to you an owner’s policy of title insurance. Your owner’s policy protects your property rights from claims that originate from before your ownership. Our title search and title clearance work are focused on uncovering and resolving any such issue prior to closing. If something should fall through the cracks, your owner’s policy will protect your interest in the real property.
Your mortgage lender will receive a loan policy of title insurance. Required by nearly every mortgage lender, this policy protects the lender’s interest in your property and most often insures that the lender is in first lien position. That means that the lender is assured that nobody else’s interest is superior to theirs should it need to exercise its foreclosure rights.