Title insurance coverage allows buyers to have peace of mind knowing that they will be excused from any legal disputes that may arise in connection with prior ownership or improper document filing.

When asked about title insurance, it may seem like another number added on to the vast amount of paperwork, but you aren’t too sure what it even is. When purchasing property, whether that be a home, land, or commercial, the buyers are purchasing the right, title and interest in the property. Sometimes title may be clouded by claims and rights asserted by others. This is where Title insurance comes into play. This type of insurance protects against these types of hazards.
At Western Nevada Title Company we care about our clients, so we always start with a title search. A title search involves a thorough examination of public records to confirm who has legal ownership of the property, if there are any liens against the property, and if there are any potential conflicts that could negatively impact the property owner in the future.
A good deal of property title searches will turn up nothing, but there are a few issues that could delay or even derail the ownership process all together. Here are some common issues that a title search could uncover:
1) Problems with the boundary lines- It is important that both parties know exactly
what they are buying and selling. No one wants to buy (or sell) property that does
not in fact belong to them. A thorough examination of all boundary lines, surveys,
and other applicable materials is imperative in a Title search.
2) Bankruptcies- If the seller has declared bankruptcy at some time, the bankruptcy
could potentially extend to the new owners. If a bankruptcy does pop up in a
search, the new buyers would be made aware and could proceed as they see fit.
3) Liens or judgements on the property- Sometimes a lien on the property can be as
simple as a mortgage. Other times, a property owner may not be the most
financially responsible person and can take on debt that puts further liens onto the
property. If property was bought without Title insurance and there was a lien that
had not been taken care of by the previous owner, the new owner would be
responsible for paying those amounts. A Title search would show all recorded
judgements and liens to make both buyer and seller aware. Learn More
4) Other owners- A Title search will show exactly who the rightful owners are. If
someone else has a right to the property that the sellers were not aware of, then that
person could make a claim on the property and either stop the sale or put a
hinderance on the process.
5) Easements on the property- An easement is a right given to another party to use a specific piece of property for their own purposes.

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