Title insurance is retrospective. That means it covers matters that could affect your title at the time you bought your home, but it doesn’t cover anything you do to your home afterward.

Should it ever be determined that, as of the date of the policy, your home has one of these issues, your title insurance policy insures you against loss.

• You do not really own your home due to forgery in a back deed or similar fraud.

• There is a lien against your property that you didn’t know about which is now being enforced against you- for example, a missed mortgage or unpaid taxes assessed against your home before you bought it.

• Someone is claiming that they own a part of your land that you were not told about when you purchased your title insurance policy, i.e. a missed easement, right of way, or encroachment.

Title insurance is the only guaranteed protection against real estate title losses. It insures your ownership of your home. Your lender will require Lender's Title Insurance, which insures the lender for the original amount of the loan and protects them in case the mortgage is invalid. However, this is to protect the lender’s interest, while owner’s title insurance protects yours.

The Owner's Policy of Title Insurance protects you. It informs you of any other interest in the property, such as liens and encumbrances, and protects you against unknown claims of ownership to your interests in your property.

Most people have fire, car, and life insurance. You pay premiums every year to continue your protection. When you purchase an Owner's Title Insurance Policy, you pay your premium only once for coverage that will protect your initial investment for as long as you own your home. Title Insurance protects you from hidden risks not revealed by an examination of the public records.

Common examples of hidden risks include:

• Forgery or Fraud

• Missed Taxes

• Undisclosed or Missing Heirs

• Incorrect Legal Descriptions

• Conveyance By a Minor

• Incorrect Indexing at the Courthouse

• Mental Incompetence of Grantors

• Missed Easements

At Midland Title, we can help with the title search and exam. Many people are unaware of the process of a title search and some have never even heard of it. A title search is an in-depth search through all of the public records associated with a specific property to determine who actually owns the property and has the rights to sell it. The number one reason for a title search and exam is to find out if there are any issues or potential problems that would make buying or owning the property more of a hassle than a reward, such as a price you do not care to pay or a price that you cannot afford. A title search is very important as it:

• Looks for liens against the property, along with judgements against the owner, for which the property is collateral.
• Confirms if the seller has the legal right to sell the property to a new buyer.
• Shows if there are any unpaid back taxes on the property.

Sure, records are public, but that does not make it easy or guarantee that you will not miss something by accident. At Midland Title, we can make sure to take care of the title search and exam. We are able to access all public records like everyone else, but also, have access to a higher level of data that is certified and backed by the title plant ,which is a guarantee to quality. Lastly, if you would miss something as an individual, you are not covered, however, by having Midland Title do the title search and exam, if something is missed, you have legal protection.

Let Midland Title Insurance Agency experts handle the problem at hand and take the worries off of you!

Midland Title, Inc. also offers escrow services in Maumee, Ohio. Escrow is done by an independent third party to make sure that all documents and monies are transferred at the same time. We also ensure that all documents are properly signed and recorded. We do this by having all funds deposited into our trust account and all documents held in our files until everything is completed. Once everyone has turned in their funds and documents, then we distribute all funds according to the buyer's and seller's instructions.

The escrow holder may be any disinterested third party. An escrow officer must remain completely impartial throughout the entire process.

Midland Title Insurance Agency performs real estate settlement closings in all counties of both Ohio and Michigan for residential and commercial transactions. Finding real estate closing services in Maumee is simple. Call Midland Title, Inc. today to speak with a member of our helpful staff.

Call Midland Title, Inc. today to speak with a member of our helpful staff.