Many people are unaware that
most real estate is encumbered to some extent and a
significant amount of real estate is subject to
title defects of varying degrees. Sometimes buyers
of real property are persuaded to disregard
obtaining a title insurance policy as an unnecessary
expense of the cost of the transaction. On other
occasions, buyers are referred to title agencies
which are unfamiliar to them and who write insurance
policies on companies (underwriters) whose financial
stability may be unknown or in question. Such advice
and action could turn out to be both foolish and
very risky and costly over the long-term.
Title insurance protects
you against loss of the inherent value of the
property (what the property can be used for) and is
a means of financially protecting yourself during
periods of ownership and subsequent to ownership
against claims which may
1) divest you of your
interest in your property or
2) subject you to lawsuits under your warranty
deed after your property has been sold.
The cost of title
insurance is insignificant (generally 1/2 of 1% of the
purchase price) in relation to the risk for which
you are protected. It is a one-time cost incurred at
closing (customarily shared equally between the
parties) with no ongoing premium charge after the
closing. The cost for title insurance is a modest
amount to pay for a lifetime of protection which
includes all legal fees and court costs should an
action be brought either on your behalf or against
you because of an insured title defect or
encumbrance.
American Title
Associates Agency, Inc. provides full-scope
title and closing services. The expertise and
experience of our legal staff and examiners, coupled
with our modern technology and know-how, make us
specialists in recognizing and resolving
title-related problems. Our closing fees are
competitive with other title agencies
and, in many instances, our overall costs are
actually less than other title agencies.
When you have a need for
title, escrow or closing services, please do not hesitate to
contact us (Phone: 330-456-8900 Fax:
330-456-7121) or e-mail us at
ata@amtitle.com
American Title is
dedicated to providing you with the highest quality
of personal service at a reasonable price.
Arnold
Shifman, President
American Title Associates Agency, Inc.
