Before closing, West Texas Abstract & Title Co. conducts an extensive title search to ensure that the title in purchase is clear of any past liens or errors. Any discrepancy that may cloud the title is repaired before closing. However, hidden “landmines” occasionally appear after closing; owner’s title insurance protects you in such an occurrence.

These problems can cause the partial or complete loss of your home or business property. Owner’s title insurance fully protects you from claims and legal fees should such a matter arise. And since problems are found in 25% of title searches, an owner’s policy is well worth the investment.

Land Mines

Documents executed under duress
Defective acknowledgements
Deeds by minors
Inadequate legal descriptions
Easements established through continued use but not discovered by a survey or in the public record
Mistakes in recording legal documents
Mistaken reports furnished from taxing authorities
Misrepresentation of wills
And many more…to see a complete list of Land Mines go to www.wtabstract.com

An owner’s policy is acquired at closing for a small, one-time premium and protects you, the owner, for as long as the property is in your possession, and sometimes even after the property is sold.