What Does Owners Title Insurance Cover?

We’ve been on the education train lately – we’re all about making sure that people know what it is we do and why we do it. We’ve talked about what title insurance is, why you need it, and what’s in a title report.

Today, we’re going to tell you what title insurance covers.

When you make the one-time payment as a homeowner for title insurance, you can be assured that that insurance will cover such title issues as:

  • outstanding mortgage, liens or judgments against the property
  • property boundary disputes
  • easements & land claims
  • legal action against the property that could affect you
  • unknown heirs of previous owners that may arise and attempt to claim ownership
  • fraud, forgery or misrepresentation
  • chain of title disputes
  • clerical errors

Essentially, title insurance assures the buyer that not only are they purchasing a home that is, at the current time, free and clear of any claims at the time the title report is run, and ensures you’re covered for as long as you (or your heirs) own the property.

Title insurance is in place to give you peace of mind – and that’s just what we here at Sutherland Title aim to do day in and day out – provide peace of mind.

Any extra questions? Let us know – we’ve got you covered.




New Construction Home & Title Insurance

Wait, you’re thinking – I don’t need Title Insurance if I’m building a new home.



Stay with us here.

If you’ve been with us for the last little while, you may have seen some of our recent blog posts about What’s Inside a Title Report, and Why You Need Title Insurance – so you know that essentially, the Title Report pulls the history of the property to be sure that there are no liens or holds from previous title holders, and the Insurance protects you (and your lender) against any risks that could be associated with the property.

Again, you say,  why exactly would I need Title Insurance for a property that is brand new, where I will be the first title holder? Good question.

The answer is this: Title Insurance isn’t only affiliated with a home, it’s affiliated with the property. And the property will have a history all it’s own. Even if the property has never previously had anything built on it, it will have a history of ownership, and it’s important to ensure that ownership is clear and ready for transfer.

The Title Insurance – provided by yours truly, along with a property survey, will help be sure that the the boundaries are clear, and that every thing within those boundaries is free from any liens or claims from anyone else, including previous contractors and subcontractors.

Interesting, right? We sure think so.

Wire Fraud – How to Keep You and Your Clients Safe

Wire Transfer Fraud. It’s an epidemic that’s rising at an alarming rate – in fact, in 2016, the FBI indicated that the number of reported events in 2016 from title companies rose an astonishing 480-percent.

The simple truth is this: =even if you think you’ve crossed every ‘t’ and dotted every ‘i’, there’s a good chance that those who are a bit ‘seedier’ among us have anticipated those actions. They monitor the emails and the communication traffic long enough to ensure that whomever they are reaching out to won’t be alarmed (or even notice) any changes in the emails they’re receiving.

For example – if you’re emailing from TitleJoe@company.com, with a very specific email format – someone MAY receive an email from TitleJoe@company.NET with an identical email format, with wire instruction changes – in an embedded link so as to not alert anyone to changes in URLs – and all will seem well.

When in fact, all is NOT well, and someone has just lost their life savings. The fact is, these cyberattacks are frightening and on the rise – and the only way to protect yourself, your company, and your clients is to initiate secure, consistent protocols that can help everyone be sure that any money being transferred is received by the right party – not someone who merely appears to be the right part.

*Sutherland Title claims no responsibility in regards to any fraud initiated against your company, and is merely providing these safeguards in an attempt to help you implement ideas to secure your wire transfer protocols.

1. Use strong, unique passwords. 

Be sure that any passwords utilized by any member of your staff are unique to that platform and that individual: ensure that no passwords are duplicated.

2. Use anti-virus software.

Ensure that any computer utilized for company-correspondence or wire-transfers be running up to date anti-virus software.

3. Don’t click on embedded links in websites – login securely.

Ensure that every member of your staff recognizes the importances of visiting any wire-transfer sites or programs independent of any links received in emails or correspondence. Always visit the site organically and log in specifically with your individual login credentials.

4. Communicate with your team -don’t assume changes are secure!

Just because an email appears to come from Joe Title doesn’t mean it necessarily comes from Joe Title. If any changes have been initiated via email, be sure to verify in person.

5. Keep (and check!) records of financial institutions.

Be sure that any wire transfer instructions are utilizing financial institutions that you have record of.

6. Encrypt emails and follow company protocols.

Ensure that every email you’re sending, particularly those with wire-transfer instructions, are following specific company protocols and are being sent securely.

7. Be vigilant and cautious – particularly of chang

ing instructions. 

It never hurts to double-check. If instructions have changed, or things don’t look or feel right, trust your gut. You’ll be glad you checked.

8. Always, always confirm via telephone – from independently confirmed phone numbers.

When verifying wire transfer instructions, ensure that you check via telephone – and not the numbers listed in the emails. Make sure you utilize the numbers that have been verified in your company financial records.

Remember: It’s always better to be safe than sorry!  



*Sutherland Title claims no responsibility in regards to any fraud initiated against your company, and is merely providing these safeguards in an attempt to help you implement ideas to secure your wire transfer protocols.


What’s In a Title Report?

Last we we talked about who title insurance was for. It provided a pretty quick & accurate representation of what we do, and when it’s applicable – riveting reading for those of us in this line of work.

If you didn’t get a chance to read it – head on over here. You’ll like it. We talked about quick basics like – what our company does for you, and why that matters in the overall home-buying process. We’ve got a pretty important role.

So now that you know that yes, you really SHOULD have Title Insurance, let’s talk about what happens after you place an order (which you can do here, you know.)

To make things a little more interesting, let’s set this up as a ‘what-if.’

What if you spent a what seems like a lifetime outlining all the must-haves and the would-be-nice-ifs and the can-you-only-imagines of the home you’d like to buy.

What if you spent weeks – or months – working with a top-notch Realtor to find that perfect house.

What if you did? You found it, and your offer was accepted, and it was an absolute dream come true. You set a closing date, and start gathering packing boxes.

What if you get notification that your new dream house has a clouded title.

WHAT THEN? Most people would have no idea what to do if they discovered that the house that they want to buy – and that the sellers presumably wish to sale – isn’t free and clear to be sold.

That’s where we come in. We provide the Title Insurance to guarantee that no title-related surprises arise that would hinder you from calling that new house your home.

And we start with the Title Report. 

Our Title Professionals run a thorough search of your potential property’s title history. We’ll find information such as:

  • a real estate description
  • zoning configurations
  • tax rates
  • a thorough and detailed history of the property’s ownership and any previous title holders.

We also search for encumbrances, which is a fancy word for such as:

  • liens,
  • existing mortgages
  • overdue taxes
  • property boundary disputes

It’s a really useful thing to know – and we make sure that you have all relevant information. It’s like real estate genealogy. We do all this research prior to issuing title insurance, in order to make sure that you walk into that closing with confidence. We’re all about peace of mind.


Why do I Need Title Insurance?

Believe it or not, we get asked this question often. People wonder why their lender is requiring it, and why they need to pay for it. Well, we’ve got the answer for you right here.

The short answer is this: you need Title Insurance to protect you and your purchase in the case of financial loss related to the property in question.

The Title Company (that’s us) researches the home you’re preparing to buy to make sure that there are no legal claims against it from previous owners. Essentially, we’re making sure that the person who’s selling the home to you has clear legal rights to do so, and that there are no liens or levies from previous lenders or owners, or taxes due from the government.

So then, if it’s just a matter of research, why do you need title insurance?  The answer is simple – to cover you and your purchase in the event that any previously unforeseen issues arise after closing. Insurance is protection – and purchasing a home is one of the biggest decisions and purchases you’ll likely ever make.

It’s a pretty interesting process, to be honest – check back soon and we’ll let you know exactly what Title Insurance entails; in the meantime, here’s what you need to know: we’re more than just another step in the home-buying process. We’re the basis of your new purchase peace of mind – and that’s just where we’d like to be.


A Solid Foundation

We’ve recently undergone a bit of a facelift – digitally, that is. We have a new website -which we’re delighted to share with you. It’s been created in an effort to provide more functionality and accessibility to our clients and colleagues; and it looks pretty amazing, as well. We’re pretty excited about it – you should take a moment and check it out.

Through the process we reflected for a moment about what it means to to be in this industry. Every day, we work with Realtors, Lenders & Home-Buyers all with the same goal in mind – to get people home. It’s a pretty amazing thing to be a part of, and we get the added bonus of adding a layer of security to that process.

That’s a pretty amazing way to do business – and it’s the way we’ve always done business. Sutherland Title is a staple in this industry because of the standards and ethos that have been our mainstay from day one. We’ve built our business on a solid foundation of trust, quality, security and ethical behavior that guarantees we’re not going anywhere – and that neither are you, because you and your purchase are safe with Sutherland Title.

That’s a pretty amazing legacy. We’re proud to carry it on.