Question 1

What is title insurance?

Accepted Answer

Title insurance protects your interests and the interests of the lender, should a claim be made against your property. It offers protection against claims resulting from various defects that may exist in the title to a specific parcel of real property.

Question 2

What is a "defect" in the title?

Accepted Answer

A defect can include a prior claim of ownership from someone other than the person selling you the property, such as an ex-wife, a former partner, or a co-inheritor. It could also include a claim for an easement, giving someone a right of access across your land, or a court judgment against the former owner that resulted in a lien placed on the property.

Question 3

How does title insurance differ from other types of insurance?

Accepted Answer

Unlike property and casualty insurance that protects against possible future losses, title insurance protects against things that happened in the past. Insurers seek to minimize the risk of title defects prior to your purchase of the home.

Question 4

What is escrow?

Accepted Answer

Escrow is a service that helps facilitate the real estate transaction. During the escrow process, a neutral third party holds onto important documents and funds until all conditions of the sale are met and the transaction can be completed.

Question 5

How can I get in touch with an escrow officer?

Accepted Answer

You can contact the company directly to get in touch with an escrow officer who can assist you with the title and escrow services related to your real estate transaction.

Absolute Title Agency

Company Overview

Company Name

Address

Website

Phone

Google Reviews

About Absolute Title Agency

More Companies in Utah

Frequently Asked Questions about Absolute Title Agency

What is title insurance?

What is a "defect" in the title?

How does title insurance differ from other types of insurance?

What is escrow?

How can I get in touch with an escrow officer?

Key Decision Makers