Don’t get caught without title insurance, Potomac, MD lenders and owners! Having no insurance is just the type of mistake that can sink your investment when someone discovers a property has unresolved debts or liens. Title insurance is an excellent measure of protection for what could well be the largest investment of a person’s life. The right policy can reimburse you for damages that may arise with a title issue – such as the costs of a legal battle involving an undisclosed heir.
Don’t get caught in a legal web or deal with the stress of paying to fix title defects out-of-pocket. Purchase a comprehensive title insurance policy through Eastern Title and Settlement for total peace of mind after closing a sale. Our team has more than two decades of combined experience handling title and settlement services nationwide. We have the resources and connections you need for an insurance policy you can depend on. Contact us today for more information!
3 Ways Title Insurance in Potomac, MD Can Protect You
Lender’s and owner’s policies are the two types of title insurance. Potomac, MD residents who recently sold properties can benefit from owner title insurance, which sellers purchase to protect a buyer against title defects. As a seller, an owner’s title insurance policy can safeguard you in several different situations that may arise if a title is problematic. If there are defects in the title that a pre-sale title search did not discover, title insurance will protect you from related damages and expenses. Three ways title insurance can help you are as follows:
- Prevent loss of the home. A serious title defect, such as the financial burden of back property taxes, could result in the buyer losing the home. Without title insurance, it would be up to the buyer to pay off outstanding property taxes – or else risk losing the home. With insurance, however, the policy will protect the buyer.
- Reimbursement for legal fees. It’s possible that a previously hidden will or undisclosed heir could surface, resulting in a legal battle for ownership of the home. An owner’s insurance policy would provide coverage for court costs and legal fees in the event of a claim for ownership of the home.
- Protection over a loan. Lender’s insurance is the best way to protect a lender from financial losses in the event that a borrower can’t pay. Lender’s insurance is the most common type of title insurance in Potomac, MD. Most lenders require these policies before they will permit mortgage loans.
It’s impossible to foresee all potential title defects, even with the most comprehensive title search and assessment. The number one way to protect from issues buried under years of paperwork is with title insurance. Investing in both a lender and owner’s insurance policy can protect all parties involved in a real estate transaction from numerous potential pitfalls. Whether you’re a buyer or seller, consider title insurance to safeguard yourself. Learn more about how to close with confidence through our blog.
How to Choose Your Title Insurance in Potomac, MD
Not all title insurance policies are created equal. Some insurance providers do a better job than others at offering comprehensive coverage at competitive rates. Eastern Title and Settlement can help you decide whether or not you need title insurance, which policy is right for you, and how to save on title insurance. Buying your policy from a licensed and insured agent is critical to the safety of your investment. Trusting the wrong company could risk your future as much as not purchasing insurance at all.
Eastern Title and Settlement has dozens of happy clients supporting the claim that we’re a top provider of title insurance in Potomac, MD. View our case studies to see all the ways we’ve helped homebuyers, sellers, contractors, and real estate agents. Selling trustworthy title insurance policies is just one of the many things we do for our clients. If you’re searching for the perfect title insurance policy, let us assist you. To learn more about title insurance, Potomac, MD residents can contact us at (240) 403-1285.
Eastern Title offers commercial title and escrow services, such as title insurance, settlement services, as well as commercial and residential purchase agreements. Our company has more than two decades of combined experience in the business.
We are committed to helping our clients with various aspects of residential and commercial property transactions, such as refinancing, land titles, and purchase agreements. Count on us to go the extra mile to make sure that you have a good experience with us, whether you are buying, selling, or developing a property.
Over the years, we have been serving clients from Maryland, Virginia, and Washington, D.C. Some of our clients include contractors, developers, lenders, realtors, investors, attorneys, and borrowers. Mortgage brokers, as well as house sellers and buyers, have also reached out to our company for assistance.
Recently, we have extended our services to residents of North Carolina, South Carolina, Tennessee, and Florida. We are excited to work with more clients in other locations.
Eastern Title: Our Services
Here are some of the services offered by our company:
- Commercial and Residential Purchase Agreements
Purchasing, selling, or developing a property entails a lot of paperwork. Seek help from an established and experienced firm. Eastern Title can help simplify the process for you. We are experts in providing comprehensive sales, as well as closing and land title transactions.
- Lot and Land
Eastern Title has extensive experience in handling different land transactions. We can assist you if you are looking for a lot or a land parcel. Whether you are buying or selling a land or lot, count on our trained staff to help you find the best deals and succeed with your transaction.
- For Sale by Owner (FSBO)
Put your house up for sale, find a buyer, and secure a great deal without a real estate agent representing you. At Eastern Title, we can simplify the process of selling your home without paying for a real estate agent. Our company can assist you with closing and land title transactions for both residential and commercial properties.
Are your looking for ways to lower your mortgage payment every month? Or are you figuring out how to fund your home improvement project? Are you wondering how you can better pay your loan? Turn to us for assistance with the different aspects of refinancing. We can help you make better financial choices and get the best possible rates.
- Builder and Construction
Our clients’ interests come first whenever we transact business with them. Rely on us to help you with your construction agreement, and we will make sure that you will get the results that you want.
- REO and Short Sale
Trust none other than Eastern Title to help you in purchasing or selling pre-owned and foreclosed properties. We can readily assist you with REO as well as short sale real estate deals.
- Title Search
A title search is the process involved whenever there is a change of property ownership. This includes retrieving documents and public recorded acts, such as liens, judgments, contracts, or mortgages, to check a property’s legal condition.
Memberships and Associations
Our company is affiliated with the following organizations:
- Better Business Bureau
- Department of Insurance, Securities and Banking
- Maryland Insurance Administration
- Fidelity National Title Insurance Company
- North American Title Company
- Rockville Chamber of Commerce
- Virginia State Corporation Commission
- The National Notary Association
- Prince George’s County Association of REALTORS
- The Prince George’s Chamber of Commerce
- The American Land Title Association
Get in Touch With Us
If you need help with your residential or commercial real estate transaction, turn to Eastern Title. Give us a call at (240) 403-1285 or send us an email at [email protected] Our admin offices are open from Monday to Friday, from 9:00 a.m. to 5:00 p.m. You may also visit our website at www.easterntitle.com to learn more about our services. We look forward to serving you!