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Frequently Asked Questions About Title Insurance

Title insurance is a crucial safeguard for your real estate investment, protecting you from potential legal issues that might not be visible at the time of purchase. Working with an attorney like Sumeet Shah at Shah Legal Group, LLC, who is also a title insurance agent, ensures that your interests are protected throughout the real estate transaction. With over 15 years of experience in real estate law, attorney Shah is well-equipped to handle all aspects of your property purchase or sale, providing a thorough start-to-finish service in the Atlanta metro area.

Why Do I Need Title Insurance?

Title insurance is necessary to protect against unforeseen title defects that could threaten your ownership, such as undisclosed liens, forgeries or recording errors. These issues might not be apparent at first glance, but they can cause significant problems down the line. Title insurance offers financial protection and peace of mind, ensuring that your property rights are secure.

Who Purchases Title Insurance In A Real Estate Transaction?

In Georgia, the tradition is for the buyer to purchase title insurance to protect themselves and their lender. This ensures that both parties have coverage against any title issues that may arise, providing security for the investment and the mortgage.

Does A Title Insurance Policy Expire?

Title insurance provides coverage for as long as you own the property. It does not expire but is nontransferable, meaning it doesn’t extend to a new owner if you sell the property. A lender’s title policy remains in effect until the loan is fully paid off and the mortgage is released or foreclosed.

What Are Title Exceptions?

Title exceptions are specific items that are excluded from coverage in a title insurance policy. These could be existing easements, zoning laws, or other land use restrictions that affect how the property can be used. These exceptions are listed in the title policy and are not covered by title insurance, so it’s important to review them carefully with your attorney.

How Can I Learn About Potential Title Issues?

Before you purchase a property, a title search is conducted to uncover any potential issues. However, some problems may not be discovered until later. An experienced attorney can help you understand the results of the title search and advise on the best course of action.

Is Title Insurance Required?

While title insurance is not legally required, most lenders will require a lender’s title insurance policy as a condition for the mortgage. Even if you pay cash for a property, it’s wise to obtain an owner’s policy to protect your investment.

Can I Choose My Title Insurance Provider?

Yes, as a buyer, you have the right to choose your title insurance provider. Attorney Shah can offer guidance and help you select a reputable company that provides comprehensive coverage.

Connect With Shah Legal Group, LLC, To Learn More About Title Insurance

Don’t let title issues complicate your real estate transaction. Contact Shah Legal Group, LLC, and let attorney Sumeet Shah’s extensive experience in title insurance work for you. Whether you’re buying, selling or lending, call him at 678-831-3600 or fill out his online contact form to get the legal support you need.