Title Insurance

When purchasing a home, two types of title insurance are necessary in order to protect both buyer and lender:

• Owner’s Policy. This policy protects the owner from any defects in title. Mac Abstract performs a complete title search on the property to ensure there are no prior owner judgments, liens or encumbrances that can affect title to the property. The fee for an owner’s policy is based on the purchase price of the property and varies from state to state.
• Loan Policy. This policy is required by the lender and protects the lender’s interest by ensuring there are no other liens or judgments. The policy also ensures that the loan is recorded in first position at the county clerk’s office. The fee is based on the loan amount and varies from state to state.

The Mac Abstract team carefully reviews the abstract report and will go above and beyond to clear any title issues including contacting:

• Creditors to obtain payoffs.
• Title underwriters to obtain a prior policy.
• Attorneys of record on a prior title to obtain information that can aid in clearing a title issue.

Our objective is always to diligently troubleshoot for our clients in order to avoid any unnecessary fees, delays or other hindrances.