When you purchase or finance real estate—be it a home, piece of land, or commercial building—you are not only acquiring the building itself or the land it sits upon. You’re also gaining rights to the property. But what if there’s a defect in those rights? That’s where title insurance comes in—a very effective protection instrument that safeguards the rights of the buyer as well as the lender.
At Abstracts of McIntosh County, we understand just how important it is to protect your investment in property. Located in the center of McIntosh County, we are dedicated title search, abstract, and title insurance professionals specializing in providing peace of mind with every real estate transaction. Here, we’ll look at why title insurance isn’t merely a good idea—it’s necessary.
Title insurance is a type of insurance that protects against monetary loss because of title defects in a property. Such defects may be:
Unlike other types of insurance that protect against future events, title insurance covers issues that may have occurred in the past but were unknown at the time of purchase.
One of the largest exposures in real estate is purchasing property with an impaired title. If someone surfaces asserting ownership or rights to your new home, title insurance safeguards your investment. Otherwise, you may be faced with expensive court battles—or worse, losing your property.
If there’s a dispute over the title, your title insurance policy can reimburse you for court fees, lawyer fees, and possible settlements. It means you’re not left paying for problems that were beyond your control while making the purchase.
Unlike homeowner’s insurance, which involves monthly or yearly premiums, title insurance is paid only once, usually at closing. For one, an up-front fee, you’re protected as long as you or your heirs retain an interest in the property.
Buying property is one of the largest financial investments you’ll ever make. Title insurance provides you with the assurance that your right to ownership is protected and that you’re shielded from unknown problems that a general title search may not be able to detect.
When a mortgage lender gives a loan, they’re also assuming a risk. To safeguard their investment, they nearly always insist on the lender’s title insurance, which guarantees that the mortgage is a valid lien on the property. If there are title issues that might jeopardize their position or result in loss of money, the policy will cover their interests.
The lender’s title insurance is distinct from the owner’s policy. While it insures the lender, it will not guarantee the buyer—another reason that buyers should always think about buying an owner’s policy, even though it’s not required.
Even with the most diligent title searches, underlying issues may get missed. These are some of the typical title problems that title insurance can shield you against:
As a condition precedent to issuing title insurance, an extensive title search or abstract of title is done. Here at Abstracts of McIntosh County, we conduct thorough research to search for the history of ownership of the property, look for encumbrances, and verify that the chain of title is unbroken.
Our Oklahoma law, local knowledge, and familiarity with McIntosh County records allow us to identify problems others might miss. We’ve been a reliable partner for real estate agents, lenders, and buyers for decades, delivering clarity, accuracy, and speed with each abstract and title report.
At Abstracts of McIntosh County, we produce accurate, court-validated abstracts in accordance with the law that makes the process of closing smooth. Due to these legal obligations, it is essential to work with an experienced local staff. We are familiar with the title system’s nuances and are dedicated to assisting you in completing your transaction legally and confidently.
The right title company can be the difference between a successful and an unsuccessful real estate transaction. At Abstracts of McIntosh County, we provide:
When you use our services, you’re gaining more than a service—you’re gaining a committed ally who is interested in your investment.
Title insurance isn’t merely another checkbox in your home sale–it’s an essential protection that can spare you money, hassle, and time. You are a first-time buyer or an experienced investor; either way, a clear title is not something to negotiate. At Abstracts of McIntosh County, we’re here to guide you through the process with confidence. From abstracts to title insurance and all in between, we’re glad to be McIntosh County’s go-to title protection resource.
Call us at (701) 288-3997 to find out more about our services or for a consultation. Let’s secure your property the right way—from the ground up.