Recently, I was asked by a consumer what exactly a title defect was and what kind of things a policy won’t cover.
It’s important for everyone in our industry to understand all aspects of title and not just how to cure title.
Below will explain exactly what a title defect is along with some examples of lien issues.
You will also see what a title policy doesn’t cover.
You can also find this information and more in the following link:
If you have any questions, please feel free to email me @ email@example.com.
What is a title defect?
A title defect is anything that can cause a title to be considered invalid or defective in some way. Some examples are:
Lien issues can also cause title defects. Some examples of lien issues are:
Notify your title company immediately if someone files a lien or claims an interest in your property. Failure to do so could jeopardize your claim. Contact the underwriter listed on the policy and follow their claim-filing procedures.
What doesn’t a title policy cover?
A title policy generally won’t cover mistakes or defects, financial issues, or rights issues.