Title Insurance Washington, DC
Purchasing real estate is a major financial decision. That is why it is important for you to secure your investment with title insurance in Washington, D.C. Both home sellers and buyers must be aware of the steps they can take to prevent losses due to title defects.
What Is Title Insurance in Washington, D.C.?
Title insurance in Washington, D.C. protects lenders and buyers of real estate. It helps them avoid the costs that can arise from problems with the title of a property. Unlike other types of coverage that guard against future issues, title insurance in Washington, D.C. protects against past events that affect a title.
The Two Types of Title Insurance in Washington, D.C.
If you take out a loan in order to purchase a home, your lender will likely require you to purchase title insurance. This type of title insurance in Washington, D.C. is called a loan policy. It insures your lender’s interest in the property in the event of a problem with the title. While it protects your lender, this type of title insurance in Washington, D.C. does not cover you in case of a claim against your title.
This other type of title insurance in Washington, D.C. insures you against claims to your title. For example, a person may say that they should have inherited the home you purchased. If you have title insurance in Washington, D.C., it will cover the legal fees required to protect your right to your property.
Unlike a loan policy, owner’s title insurance in Washington, D.C. is not required by lenders. However, owner’s title insurance in Washington, D.C. can help prevent you from suffering financial losses due to title defects—something a lender’s policy doesn’t do.
The Advantages of Purchasing Title Insurance in Washington, D.C.
Here are some of the benefits of title insurance in Washington, D.C.:
- Title Insurance in Washington, D.C. Protects You From the Claims of Other People
Companies that provide title insurance in Washington, D.C. can conduct a title search and a thorough review of property records, documents, deeds, trusts, and wills. This is to make sure that the seller is its legal owner. With title insurance in Washington, D.C., you can prevent possible lawsuits from people claiming that they own your property.
- Title Insurance in Washington, D.C. Insures Against Fraudulent or Forged Deeds
Imagine purchasing your dream home, only to get a phone call from someone pretending to be its real owner. Title insurance in Washington, D.C. can protect you against unscrupulous sellers who forge the signature of someone else so they can sell the house.
- Title Insurance in Washington, D.C. Protects You From Liens Against the Property
Some sellers may not disclose lien issues with their properties. The mortgage may not be fully paid, or its owners may have outstanding debts to the homeowner’s association. Title insurance in Washington, D.C. can help you avoid the pitfalls of undisclosed liens and other title problems that you only become aware of after you’ve purchased the property.
Possible Risks of Not Having Title Insurance in Washington, D.C.
Without title insurance, Washington, D.C. homebuyers can be at risk in case there is a title defect. For example, a person may think he or she got a great deal on a house, only to discover unpaid property taxes left behind by the previous owner. The responsibility for the debt will go to the buyer if he or she does not have title insurance in Washington, D.C.
Learn More About Title Insurance in Washington, D.C.
Trust only Eastern Title when it comes to title insurance in Washington, D.C. Our experienced agents will be more than happy to answer your questions about title insurance in Washington, D.C. We are dedicated to providing our clients with a wide range of real estate and insurance products, including title insurance for Washington, D.C. residents. For more information about our company, visit our website.
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
- Title Search
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.
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!