• Title Insurance Services

  • Title Services:

    • Title Insurance commitments and policies
    • Title searches and reports
    • Foreclosure guarantee commitments
    • Copies of recorded documents

     

    Title Insurance:

    Lenders Escrow & Title Services(LETS) provides comprehensive title insurance protection and professional settlement services for homebuyers and sellers, real estate agents and brokers, mortgage lenders, commercial property professionals, homebuilders and developers, title agencies and legal professionals to facilitate real estate purchases, construction, refinances or equity loans. 

    What is Title Insurance?

    Title Insurance is a form of indemnity insurance predominantly found in the United States which insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage loans. Unlike other forms of insurance, the original premium is your only cost, as long as you own the property. There are no annual payments to keep your Owner's Title Insurance Policy in force.

     

    Why do I need Title Insurance?

    The reason you have title insurance is to insure against loss resulting from title defects, whether these defects are known or unknown at the time of the sale or the refinance. The coverage is provided for both "on record" and "off record" issues, defects or problems. There is a long list of reasons for claims to be made.

     

    The Difference Between Owner’s Policies and Lender’s Policies:

    The most common forms of title insurance are the owner and lender title insurance policies. The major differences that exist between them is the fact that the owner’s policy protects the owner of the premises and the lender’s policy protects the mortgage lender. Lender policies are generally paid for by the borrower, but they insure the lender only.

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