The title to the property that you have purchased could be seriously threatened or lost completely by hazards which are considered "hidden risks." "Hidden Risks" are those matters, rights or claims that are not shown by the public records and, therefore, are not discoverable by a search and examination of those public records. Matters such as forgery, incompetency or incapacity of the parties, fraudulent impersonation, and unknown errors in the records are examples of "hidden risks" which could provide a basis for a claim after you have purchased the property. The policies issued by Lawyers Title protect you against many of these “hidden risks.â€
Arbitration Clause -- A clause in a lease calling for the decision of a third party (arbiter) regarding disputes over future rents based on negotiation. Also used in construction contracts, disputes between brokers, etc.
Real Estate Transactions
Protecting your most valued asset, your home, from fraudulent claims against your ownership, liens, and undisclosed heirs are just some of the reasons you need title insurance. In this site you will find information on the steps you need to take to purchase a home and secure your ownership. Lawyers Title takes pride in the fact that we have helped homebuyers through the real estate transaction process for more than 150 years. It's your investment - it's your choice: contact your Real Estate agent and insist on Lawyers Title Insurance.
In some states, a lender is allowed to non-judicially foreclose a Mortgage or Deed of Trust securing an obligation if a trustor defaults in the performance of the obligation. The laws in these states prescribe how the foreclosure is conducted and the notices which must be given of the pendency of such proceeding. The Trustee's Sale Guarantee is responsive to the needs of a foreclosing trustee or mortgagee for public record information as to individuals and entities who, under state law, must receive notice of the pending foreclosure. The Guarantee supplies the following public record information...