Hidden Title Hazards
In spite of all the expertise and dedication that go into a search and examination, hidden hazards can emerge after completion of a real estate purchase, causing an unpleasant and costly surprise. Some examples include the following.
-
> A forged deed that transfers no title to real estate
> Previously undisclosed heirs with claims against the property
> Instruments executed under expired or fabricated power of attorney
> Mistakes in the public records
Title insurance offers financial protection against these and other hidden hazards through negotiation by the title insurer with third parties, payment for defending against an attack on title as insured, and payment of claims.