What is Title Insurance?
Title to a property is the foundation of ownership to that property. Obtaining title insurance is your policy against loss if a future claim against ownership is made. This might occur for reasons such as fraud, liens, forgery, or other defects in title that are somehow hidden from even the most diligent title search. It is a unique type of insurance that requires a one-time premium payment.
Why Do I Need To Obtain Title Insurance When Purchasing a Property?
Aside from the fact that it makes good sense to purchase title insurance to protect your own investment in what is for many people the most significant purchase of their lives, a residential home, a Lender’s Title Insurance Policy is often required by the bank or mortgage company that is providing the financing for your purchase. Therefore, it is usually impossible for the average person to purchase a home without at least obtaining a title insurance policy for their lender. Because the additional cost to obtain an Owner’s Title Insurance Policy at the same time that one is obtaining a Lender’s Policy for the bank or mortgage company is nominal, there is no good reason for a Buyer not to obtain for themselves the coverage and protection provided by an Owner’s Title Insurance Policy.
The owner of McFadden Law Offices, Jamie Michael McFadden, is also one of the owners of the independent title agency, Lehigh Valley Settlement Services, LP.
We are an independent title agent for Old Republic National Title Insurance Company. In most residential real estate transactions, one or more of the people involved, whether it be the mortgage company, bank, or real estate broker will have some ownership interest in or affiliation with a title agency. While there is nothing wrong with a title agent who is affiliated with either the lender or real estate agent providing title insurance to the buyer, they are not an independent party who does not have an interest in the transaction as is Lehigh Valley Settlement Services, LP. As an independent agent, Lehigh Valley Settlement Services, LP, when hired by the buyer, works solely and only for the buyer with a legal and ethical obligation to provide objective and independent representation and services. Therefore, you can rest assure that the review of the title to property will be done thoroughly and with your best interest in mind.
What Title Insurance Services Do We Provide?
Who Is Lehigh Valley Settlement Services, LP’s Underwriter?
The title insurance policies produced by Lehigh Valley Settlement Services, LP are issued and underwritten by Old Republic National Title Insurance Company. It is one of the Nation’s largest title insurance companies, insuring risks on properties located in all 50 States, the District of Columbia and Puerto Rico. Old Republic National Title Insurance Company has an office located in Wayne Pennsylvania that is staffed by competent underwriting personnel who are available to respond quickly to any title insurance questions that Lehigh Valley Settlement Services, LP may have.
For more information, visit: www.oldrepublictitle.com
How Can We Help You?
We are dedicated to delivering high quality, efficient and experienced service for all types and sizes of real estate transactions, from the largest commercial transaction to the first time home buyer or refinance.
Our goal and focus is on moving the transaction to settlement as efficiently, quickly and cost effectively as possible. We know that after you have devoted your time, energy and perspiration to purchasing a home, the last thing you want to encounter is a long bumpy road to settlement. We know how to do our job so you can get back to doing your job.
Our experienced staff has the know-how and drive to supervise, organize and coordinate the settlement process from your first call to our office through the scheduling of settlement and the issuance of a title insurance policy.
We provide quality and ethical service at the lowest possible title insurance rates. We always take the extra effort and time to attempt to obtain all available title insurance rate discounts that you may be entitled to, including those below the standard reissue rate offered by other title insurance agents. In addition, we do not charge the pesky, annoying and sometimes improper nuisance settlement costs and fees charged by other title insurance agencies.
The following services are typically included in and provided for by the one time title insurance premium: the title search, the review and examination of the title search, the reviewing of all tax certifications, the preparation of a title report for your lender, the preparation and review of the HUD- 1 settlement statement, the scheduling and holding of final settlement and the issuance of both an owners’ and a lender’s title insurance policy.
Further, our office can provide both title insurance as a title agent and, if you so choose, legal representation. In fact, since our firm is in the unique position to provide both title insurance and legal representation, you will save both time and money by having to not engage in two separate fee agreements and contact two separate parties to assist you in the transaction.
Contact us today to obtain a title
insurance rate quote.