Granite Title : http://www.granitetitle.com
Granite Title

Why is it necessary to purchase Title Insurance?



.  A lender's policy protects the mortgage company (the institution that owns your mortgage). If there is a fault in title that results in a loss, the mortgage holder will be paid back.


2. Owner’s coverage in Maryland is optional; and it is advisable that you purchase an Owner's policy because it protects you, the homebuyer, against a loss that may occur from a fault in your ownership or interest you have in the property. A title policy will protect the equity in your new home, and the title insurer, without expense to you, will defend you against a possible claim on the title to your property as insured, however, claims occurring once the property is owned my not be covered. The one-time premium is small and you are protected as long as you or your heirs own the property.




3.  Here are just a few title troubles that frequently occur. You may not discover them when you buy real estate – but months or years later, they can result in the loss of your property or an expensive lawsuit.

  False impersonation of the true owner of the land; 

¨ Forged deeds, release, etc.; 

¨ Errors in indexing;

¨ Errors in tax records (For example, listing payment against wrong property.); 

¨ Deeds to or from defunct corporations;

¨ Undisclosed or missing heirs;

¨ Misinterpretation of wills;

¨ Deeds by persons of unsound mind (mentally incompetent);

¨ Deeds by minors; and Deeds by persons supposedly single but secretly married.





Granite Title Associates, Inc. • 1615 York Road Suite 303 • Lutherville, Maryland 21093

Phone: 410.828.4800 • FAX: 410.828.4801

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