“The Trio Title Group background in Real Estate investment gives them the confidence to think outside of the box in an industry where that is uncommon.”

- Ryan Theil, Contractor

What is Title Insurance?

Title policies insure owners and lenders against possible losses from claims against real property ownership. The preliminary report called a commitment provides advance information on accepted matters from coverage. Both parties are given an opportunity to correct flaws before the actual purchase or lending.

Established in the 1870’s because of land ownership problems from inaccurate record searches, forgeries and similar problems, today it offers protection from certain items that cannot be ascertained from the public records.

Depending on your type of coverage a title insurance policy is similar to a pre-paid legal agreement in that your insurer will provide legal defense against claims and challenges to your insured title and will reimburse you for losses due to the covered defects in your ownership rights.

Standard coverage guards against:

Do I need title insurance?

When you buy a home you expect to be able to occupy and use your property as you wish. Many things can adversely affect title to land. Title Insurance is a small price to pay to protect you against human error and defects in title.

Do I have a choice of Title Company?

The choice of Title Company rests with the person who is paying for the Owner's Policy. It is not the Realtor’s choice or the Lender’s choice.

What should I look for when choosing a title company?

Honesty, Integrity and Experience just to name a few, You want someone
you trust; someone who takes your needs and expectations into account.

How much money do I need to bring to closing with me?

We are happy to provide you with a Quote to give you an idea of approximately what our charges will be. 24 hours before closing you should receive a HUD (Closing Statement), approved by your lender, laying out all the costs and credits. The amount for the Cashiers Check you must bring to closing will be on the HUD. Go over the HUD with your realtor prior to coming to closing.

What is the Good Faith Estimate?

This is a summary of costs the Lender thinks you may have to pay. The Good Faith Estimate is only a guess and is NOT BINDING.

How does a Refinance transaction vary from a Purchase?

In a refinance transaction a Policy is being purchased for the Lender. If the borrower has a prior Owners Policy this will lower the premium, somewhat, for the Lender’s Policy. To receive the discount the policy must be produced and a copy placed in the file. Also the borrower should have a survey so he will not incur that expense again if he can produce it for the file. There is a cut off date for the age of the survey so please check with us. A Purchase requires a Lender's Policy and an Owner's Policy. The buyer must also purchase a survey, a termite inspection and a home inspection if he so desires.