Services
TITLE INSURANCE
A title is the evidence, of right, that a person has to the
possession and ownership of land. It is possible that someone
other than the owner has a legal right to the property. If
that person can establish that right, they can make demands on the owner
or claim the property outright. An
Owner's Policy is designed to protect you from title defects that existed prior to the issue date of the policy. If a valid claim is filed, in addition to financial loss up to the face amount of the policy, your owner''s title policy covers the cost of legal defense.
Title
Insurance protects against losses attributable to facts or
circumstances that may have occurred in the past. The title
report provides a full examination of the title to real estate
before any transaction involving the real estate takes place
or a title insurance policy is issued.
When a mortgage loan policy is issued, the lender is assured
that the mortgage is a valid lien based on a valid deed.
In addition, it insures the priority of the lien, and that
no loss will occur as a result of lack of legal access and
marketability of title. When title insurance is to be issued
insuring the lien of a mortgage at the time of recording,
the amount of the mortgage shall determine the title rate.
In our busy and fast paced world, quick results are a necessity.
Capital Assurance Group recognizes this demand, and responds
with fast and accurate turnaround for all of our title related
products. Our staff is well educated in the art of title
clearing, and is well versed in clearing underwriting requirements.
Capital will quickly obtain the information needed to clear
and pay prior liens and mortgages, as well as obtain tax
certifications and other municipal documentation. In addition,
Capital provides complete escrow services, including disbursement
of funds. All of our information is provided to you in easy
to read reports.
What Does it Cost?
Pennsylvania and New Jersey closely regulate
rates. The one-time premium is directly related to the
value of your home. In
most cases, it is less expensive than your annual auto
insurance. It is a one-time only expense that you pay when
you purchase
your home. However, it continues to provide complete coverage
for as long as you or your heirs own the property.
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