Getting a title insurance is one of the essential steps prior to closing a real estate purchase. Although the probability of your utilizing the insurance is relatively low, it is a necessary measure that protects both the borrower and the lenders in the unfortunate chance that the sellers are found not to have clear ownership of the property, thus unable to make a full and rightful transfer of ownership to the buyers.
Infinity Title Houston
Infinity Title is a title insurance company located in Houston, Texas. Since the company opened its doors in 2007, it has facilitated thousands of closing transactions for both commercial and residential real estates. In 2017 alone, the company has closed over 800 contracts and is among the top 20 largest title companies in Houston for seven consecutive years. The company takes pride in having their own in-house attorney, which allows them to sort out any last-minute closing issues promptly.
The owner and founder of Infinity Title himself, J Paul Caver,is a board-certified real-estate attorney specializing in Residential, Commercial, and Farm and Real Estate Law, who graduated cum laude from the Southern Methodist University, Dedman School of Law. As the sole owner, Caver has been actively involved in the operations of the company. He personally handles and attends to some of the legal issues and transactions to ensure that closings are on track and done as scheduled.
What Infinity Title Does
Before devising a title insurance policy, the title company performs a thorough check through inspection of related public record and legal documents. Title insurance is commonly a combination of a lender’s policy and borrower’s policy. The lender’s policy covers any legal defense costs and any mortgage payments that you may fail to recompense as a result of losing the property to another person’s claim on it. The borrower’s policy, on the other hand, is set up to take care of your own legal fees and losses in case property ownership complications arise in the future. Most mortgage companies only require a lender’s policy, but consider buying both for good measure.
Though it probably hasn’t crossed your mind, there are plenty of things concerning your ownership of the property that can go wrong. It could be a hitch in the paperwork that was left unnoticed for so many years or a long-lost relative staking a claim to the house you purchased. The thing is, even a complete title search may still miss something. Availing both lender and buyer policies ensures that when such instances occur, the lender is duly reimbursed and your financial losses are covered so you can still get back on your feet even if things take a turn for the worse.
Selling title insurance without a license is considered illegal in Texas. Going for an unlicensed company puts your claims at risk and may sabotage your finances in case they go broke. If you choose to work with Infinity Title, you’re working with one of the biggest licensed title insurance companies in Houston.
For more information about their services, you can email them at Info@InfinityTitleCo.com.
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