Resources & Links

Who's Covered?
Lender's Policy - a Lender's Policy only covers the lender in the amount borrowed. Lender's insurance is required by the mortgage company.

Owner's Policy - an Owner's Policy insures the purchaser for as long as they or their heirs have an interest in the property. Title policies are normally issued in the amount of the purchase price.

Enhanced Owner's Policy - by choosing an Enhanced Owner's Policy, you are protecting your home and land for the future. Ask your Settlement agent about all of the benefits of the Enhanced Policy.

Why do you need and owner's policy?

Title insurance defends your investment against claims on your property. Under this policy, your insurance will pay for the defense of your property, as well as pay valid claims against title. Your insurance coverage extends to those hidden hazzards that cannot be detected by a thorough title search. Some defects will emerge during the purchase of the property, while others might not make themselves known until long afterward.

What is Escrow?
Escrow is the holding of assests by a third party until certain conditions are met. In real estate, an escrow company holds the seller's deed and the purchaser's money until all terms of the sale are completed.

However, HomeLand Title & Escrow does much more than simply hold the deed and purchase money. Our reponsibilities include making certain the title is insurable, as well as recording the deed and other necessary documents with the courts. We will also pay various Settlement expenses such as the agent's sales commission, appraisal fee, transfer fee, and the seller's mortgage balance, as well as other tasks.

Why do I need and Enhanced Policy?
By investing in the Enhanced Homeowners Policy, you not only protect your property up to the time of purchase, but also insuring your investment for the future...

Some of the benefits included in the enhanced policy are:

- Inability to use land for single family dwelling because of a violation of a zoning ordinance or restriction.
- Post policy automatic increase in value up to 150%
- Forced removal of a structure which violates an existing zoning law
- Restrictive covenants violations and Covenant violation resulting in reversion
- Unrecorded easements
- Forced removal of a structure which encroaches onton another property or an easement