NLIC.org

Chester Said:

If I had a lawyer search my deed for anything against it and he did not find it...?

We Answered:

No, he is not responsible. Title insurnace is used for this, otherwise it is your problem.

He is not responsible for anything that did not show up, the entire reason title insurance exists.

Chester Said:

Title Insurance / Owner's Policy?

We Answered:

Owners policy is normally purchased at the purchase of the home to protect the owner (in this it sounds like you) from issues that "cloud" a mortgage, like a lien, judgment or mortgage from previous owners or other parties. An owners policy can also be known as an abstract of title in some states. By providing the owners policy to the title company you are using to refinance there is typically some savings to that cost as it is actually underwritten by one of probably 4 title insurance underwriter like Attorneys Title. Your owners policy will insure you against that other mortgage from effecting your title by filing a claim so that is why they need it.
The title insurance for the new loan is the typically lender policy, they search back through records from last closing to the new closing to insure no new or unrecorded, liens, judgments the homeowner might not even know off.
Here is a website that may help. Good luck

Douglas Said:

How do I get money from my insurance company when car is titled in divorcing husband's name.?

We Answered:

Divorcing means, not divorced - married.

You can't do anything. The title is in his name. It's not yours. The insurance policy says you and your spouse - which is him - are both insureds.

If you don't want the check to go to him, and the policy is ONLY in your name, you can withdraw the claim, and screw him out of the money for the car. But then, of course, the car has to be taken as an asset from the divorce.

You can't get the money in YOUR name. You don't own the car. Period. BUT, the check should go in YOUR name, as YOU are the named insured. Talk to your adjuster.

Tony Said:

how do I find out which are abstract states and which ones are title states?

We Answered:

Call a title company and ask! www.unitedtitle.com

Cody Said:

Do I need a lawyer present at closing when I'm buying new construction?

We Answered:

I would always suggest getting your own realtor but since you ave already done otherwise I would say that you should have a lawyer present at closing if for nothing else but to be sure your not getting s****ed. No if they have a licenced realestate closer from their title company you do not have to have a lawyer there but I wouls suggest it. Good luck and congrats.