Title Insurance

In Michigan, a chain of title search typically examines property records for a period of 40 years. This duration aligns with the state's statute of limitations for adverse possession claims and is generally sufficient to establish ownership history and any potential claims against the property. However, in certain circumstances, searches may go further back if there are specific concerns or issues that need to be addressed.

First American Title Insurance Company

Fidelity National Financial

Stewart Title Insurance Guaranty

Old Republic Title Insurance Company

North American Title Insurance Company

Chicago Title Insurance Company

The usually make between 100,000 and 150,000 per year depending on the state.

TITLE GURU SAYS:

It depends, do you mean how much does an agency make or an individual title agent?

Most title agents work on 100% to partial commission. So the answer to that one is subjective - it's based on the individual's production and annual sales.

If you are a title examiner, you would be making at least $12 per hour up to $35 per hour or salaries from $35K -- up. It also depends on the size of the company you work for and the scope of your skills set.

Agencies are also volume based and owe a percentage of the premium collected to their Underwriter. So, if you are a low volume agency doing only 10 deals per month, you'd be making a couple $1000 per month (net profit) If you are a large agency cranking out 300 commercial deals per month, you are well over 6-figures annually.

So the real answer is, it depends. On many factors including the state or city you do business in, the size of the company, the % split with the Underwriter and sales agents, etc etc etc.

To file a complaint against a title company, start by gathering all relevant documentation related to the transaction and your concerns. Contact the title company's customer service or complaints department to discuss the issue and seek resolution. If the matter isn't resolved satisfactorily, you can file a formal complaint with your state's insurance department or the Better Business Bureau. Additionally, consider consulting an attorney if you believe legal action is warranted.

Actually, considering that owner's policies provide a lifetime of coverage (in terms of defense of title), title insurance is relatively inexpensive. Of course, I don't know what State you are in, and the rates do vary from State to State. Some States' rates are regulated and set by statute, while other States allow agents and customers to negotiate the final rate.

Yes, title insurance is regulated in Texas. Title insurance premiums are promulgated by the Texas Department of Insurance and certain procedural rules and rate rules may affect that charge. Depending on the particulars of the transaction, a credit may be available. Additional coverages may also be available at additional cost and many lenders require such expanded coverage. Unlike many other states, the title insurance premium in Texas includes the costs for abstract and examination. You can review the "Basic Manual" for title insurance in Texas at the Texas Department of Insurance website or the Texas Land Title Association website, amongst others. Most title insurance companies in Texas will have "rate cards" that set forth the basic rate premium for title insurance policies and endorsements in the state.

Yes, unless access is excepted from coverage.

If its a US postal Money order the answer is no, they do not have an expiration date.

They are telling me something like $1169 for closing on 06/12/2009 - Bloomington/Normal area. Seems expensive - anybody else?

Title insurance costs are regional. You need to contact a title insurance company in your area. You will need to have a professional title examination done to get an owner's policy. The title insurance company can refer you to an agent. There aren't any other options that I know of.

Progressive Direct Insurance Company

Answer

A person who buys and sells things for other people is called 'Broker'. A person or organization underwrites insurance policies, especially for ships is called 'Underwriter'

The land records for Halifax County are located in Halifax at the Registry of Deeds. You can go there and check for any liens that have been recorded against you that affect your real property. The staff will show you how to access the records.

You can find some interesting links for Halifax County at the website below. Although the street address is not available the phone number for the Registry of Deeds is 252-583-2101. You can call for directions.

There are actually two standards for title searches in Connecticut. The first is common law. This has been reliably written down by the Connecticut Bar Association and named "The Connecticut Standards of Title". The edition is labeled 1999 but is continuously updated. Notable in the standards of title is a 60 year search period. The second standard is a codification of the law in the "Marketable Title Act" Connecticut General Statutes §47=33b et seq. This sets a 40 year search as the basis of title. Both standards should be observed as the standards for title search.

==From the lighter side . . .== If you have no idea how to begin a title company then you may as well just buy a title company kit at Walmart and off you go.

I believe a lien on your property is filed with the deed. So if you go to the County Clerk's office (or whatever office is in charge of registering deeds) with the book & page numbers for your deed then when you look up the deed any liens should be with it. Every jurisdiction in the United States has some type of land records recording system. In some jurisdictions any recorded instruments that affect real property are listed in a master index under the name of the owner in chronological order. Those recorded instruments are then bound into deed books in the order in which they are recorded every day. You would need to check your name in the index for a deed book reference for any liens that have been recorded against your land. Some jurisdictions use the property address and then list each lien on the page for that property in huge books. Land registration systems list all the liens and encumbrances for a property in one place under the present owner's name. Whatever system is used you need only find the location of the land records office in your area and the staff will guide you through the system.

A Title Commitment is a result of a title search of the public records. It carries no liability and does not insure the addressee of the accuracy of the information. A Title Commitment is written in anticipation of a future Title Insurance Policy. A Title insurance policy insures someone or some entity against a possible loss. Example: John Smith purchases a property and he has title insurance and the policy is dated Jan 2, 2008. John Smith insured by the title insurer that he has free and clear title subject to the exceptions in his title policy.

TitleExaminer237

http://sites.google.com/site/michigantitleexaminerportal/

Title companies in Florida make money primarily through fees charged for title searches, title insurance, and escrow services during real estate transactions. They earn a commission on the title insurance premiums, which protect buyers and lenders against potential defects in property titles. Additionally, they may charge fees for document preparation, closing services, and other related administrative tasks. Overall, their revenue is derived from providing essential services that ensure a smooth transfer of property ownership.

Demotech should have a list of all the title underwriting companies doing business in the U.S. as they are the national rating company for those companies.

NOTE: Not all underwriters do business in very state.

U should be able to go directly to the underwriter (whoever the master insurer is) e.q. Stewart, First American, Chicago....they should have a copy of your policy. Usually if you have a copy of your mortgage it should say in the legal description who the underwriter is.