THE BIRDS & THE BEES OF TITLE CLAIMS

Where do Title Claims come from?  Do they fly in from outer space?  Does the man on the moon make them?  Does the stork bring them?

Nobody really knows where title claims come from—just kidding.  They come from the person suing you because they feel they have rights that you’re infringing upon.  The issue is you don’t know they’re coming.  

Often the birds and the bees of title claims are human error—honest mistakes made at the courthouse, or an omission in public records.  Sometimes there’s a disgruntled heir who comes forward after being written out of the will of a previous owner, or a disgruntled step-son who feels in the divorce mom didn’t get what was hers.  And every now and then there’s a case of fraud or forgery.  Many title claims come from a simple property line dispute—not the whole parcel, but a matter of a few feet.  Regardless of where title claims come from, you never know if one’s going to land on you.  

Title Insurance is like a nest egg.  For a nominal one-time fee, you can buy Title Insurance at closing, then no matter where a title claim comes from, you have that policy to pay for the legal defense of your property ownership rights.  

Legal costs to defend real estate ownership rights are a beehive of expenses, but if you have the nest egg of Title Insurance, you can crack the yolk over the sting of legal fees.  

Next Blog Topic:  “How Babies Are Made” – just kidding!