Title Insurance Protects Your Financial Investment in Your Chesterfield Home

You purchase homeowners insurance to protect yourself financially in case something happens to your property or its contents. However homeowners insurance won't protect your financial interests if a matter arises regarding past ownership of your property. That is where title insurance comes in.

Only the title to the land and not the land itself can be purchased. So, unless a homeowner possesses a clear title, he or she risks losing his/her home and the land under it. Title insurance guarantees the title as reported.

Actually there are two types of title insurance: lender policy and the owner's title insurance. Most lenders require a loan policy when they issue you a loan to protect their interest (the amount they loaned you) should a problem arise. The policy amount decreases each year and eventually disappears once the loan is paid off. Therefore the owner should also have title insurance to protect his/her financial interest. Only owner's title insurance fully protects the buyer. Should hidden defects surface at any time challenging an owner's rights, the title company will defend the title, in court, if necessary, and cover the owner's losses up to the full value of the policy.

But before title insurance is issued, the title company performs a title search. A title search involves searching public land records to ascertain if the seller has the legal right to sell the property. The title company will:

conduct a chain of title, which is a review of the owner history of the property, checking for who purchased the property, who sold it, and when
perform a tax search to verify the present status of taxes
conduct a judgment search to determine whether there are any general liens against the property
and, sometimes even, conduct on-site inspections to verify lot size, the location of improvements, and evidence of unrecorded easements. This is more customarily performed by a survey company.

According to the American Land Title Association, 25 percent of title searches find a title problem that is fixed before the insurance is issued. At this point, you may be wondering why you even need insurance following an exhaustive title search. Unfortunately, it's nearly impossible to guarantee a title is clear of hidden defects--those circumstances that could find you in a tug of war over the property. Examples of hidden defects include mistakes in interpretation of wills and other legal documents, liens for unpaid estate or inheritance taxes, deeds by persons of unsound mind, impersonation of the real owner, forgery, missing or undisclosed heirs, falsification of records, and confusion stemming from similar names.

Your home is probably one of your largest investments. For a one-time premium, you can have peace of mind for as long as you or your heirs retain the property. Talk with your Realtor^® for more information on title insurance and selecting a title company.

Link to Us!

Linda and Bob Reeder provide Chesterfield Missouri real estate information and resources in order to assist home owners and home buyers with the process of buying and/or selling their Chesterfield home or other residential real estate (house, condo or other property in Chesterfield MO). Linda and Bob Reeder are top Chesterfield real estate agents and will assist you in getting the best value for your purchase or sale of a Chesterfield MO home. Their on-line services include free search of the St. Louis Multiple Listing Service (St. Louis MLS includes Chesterfield MO real estate - Chesterfield homes, Chesterfield villas, Chesterfield houses, Chesterfield lofts, and Chesterfield condominiums) with NO REGISTRATION, Email updates on new listings as they become available, and more. They provide you the information to help you learn more about Chesterfield condominiums, Chesterfield houses, and other Chesterfield MO real estate. Bob Reeder is a Graduate, REALTOR Institute (GRI). Linda Reeder is also a GRI and is designated a Certified Residential Specialist (CRS) and Coldwell Banker University Graduate (CBU). Additionally, Linda Reeder is also an Accredited Buyer's Representative (ABR). When you want a top Chesterfield REALTOR, Linda and Bob are your best choice. Linda and Bob can help you obtain financial services, professional building inspections, assist you in maximizing your relocation benefits, advise you on how to prepare your Chesterfield home for sale to maximize your selling price, and make your Chesterfield home buying or Chesterfield home selling process go smoothly and successfully. When you need a Realtor in Chesterfield MO, call us.

Our real estate practice is limited to serving clients purchasing or selling improved properties located in St. Louis County, St. Charles County, Jefferson County, and Franklin County. This includes the communities of Chesterfield, Town and Country, Clarkson Valley, Ballwin, Wildwood, Ellisville, Manchester, Maryland Heights, Frontenac, Sunset Hills, Valley Park, Fenton, St. Peters, Wentzville, O'Fallon, Arnold, Mehlville, Webster Groves, Kirkwood, Des Peres, Ladue, Creve Coeur, Eureka, St. Charles, Oakville, High Ridge, Pacific, Washington, Union, Lake St. Louis, Dardenne Prairie, Cottleville, Weldon Springs, City of St. Louis, and many more. Additionally, we do not work with improved properties under a listing price of $100,000. Exceptions are made for past clients and past client relatives on referral only, multiple purchase/sale investors, and our own friends and relatives. We regret that we can not provide service on a general basis outside of these restrictions. We will gladly refer you to a Chesterfield Realtor or Missouri Realtor who can serve you in those areas we do not have service available.

OTHER SITES WE HOST:

Information about St. Louis homes MLS search, St. Louis villas, St. Louis condominiums, St. Louis houses, and St. Louis lofts can be found at St. Louis Real Estate (Missouri).

Information about Chesterfield homes MLS search, Chesterfield villas, Chesterfield condominiums, Chesterfield houses, and Chesterfield lofts can be found at Chesterfield Real Estate (Missouri).

Information about Ballwin homes MLS search, Ballwin villas, Ballwin condominiums, Ballwin houses, and Ballwin lofts can be found at Ballwin Real Estate (Missouri).

Information about Town and Country homes MLS search, Town and Country villas, Town and Country condominiums, Town and Country houses, and Town and Country lofts can be found at Town and Country Real Estate (Missouri).

Information about Wildwood homes MLS search, Wildwood villas, Wildwood condominiums, Wildwood houses, and Wildwood lofts can be found at Wildwood Real Estate (Missouri).

FUN! Want a great vacation rental close to Chesterfield? Rent a chalet at Innsbrook. This is NOT our property and we are not offering it for rent, we just love to stay and relax there! Thought you might want to take a look at this wonderful get-away chalet at Innsbrook Rental.

Linda & Bob Reeder

Prudential Alliance, REALTORS

1000 Shnucks Woodsmill Plaza

Town and Country, MO 63017

(636) 386-2900

Prudential is a registered service mark of The Prudential Insurance Company of America. Equal Housing Opportunity. An Independently Owned and Operated member of The Prudential Real Estate Affiliates, Inc.

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Title Insurance Protects Your Financial Investment in Your Chesterfield Home