Stroudsburg Title Insurance Lawyers
At the law firm of Newman, Williams, Mishkin, Corveleyn, Wolfe & Fareri, P.C., we help with all aspects of complex commercial and residential real estate transactions. Representing buyers, sellers, developers and lenders has provided our Pennsylvania real estate lawyers with unique perspectives on all sides of real estate purchases and sales. Additionally, our licensed title insurance agents are able to identify title defects and ensure that a good and marketable title is conveyed to you.
The Need For Title Insurance To Protect Your Best Interests
Real estate transactions involve high stakes and significant amounts of money. All parties involved are protecting their interests and investments. Proactive moves help anticipate potential problems that often arise, specifically the purchasing of title insurance.
The purchase of lenders’ title insurance is necessary to secure a mortgage. Owners also need title insurance as well to protect their interests.
Title insurance protects you and your mortgage company’s rights when unexpected claims arise. Problems with legal title to the property you are purchasing can take the form of:
Unpaid mortgages or judgments against a prior owner
Competing claims of ownership to the parcel
Unpaid property taxes or association dues acting as liens on the property
Unpaid inheritance taxes acting as liens on the property
Incomplete or missing legal land descriptions
Adjoining property owners claim to part of your land
Easements or right-of-ways