Even though our Abilene title company researches every transaction as thoroughly as possible, there’s always a risk that an issue exists that cannot be uncovered in a title search. The title insurance policy protects owners from most claims and attacks on title for any reason not excepted from the policy’s indemnity.

Some of the Most Common Claims

Unpaid property tax

Supplemental taxes assessed after title closing

Mistakes in the interpretation of wills or other legal documents

Impersonation of the owner

Forged deeds, mortgage releases, etc.

Instruments executed under fabricated or expired powers of attorney

Property deeds delivered after death of seller or buyer

Wills not probated

Property deeds or mortgages by those mentally incompetent or of minor age (or with an incorrect marital status)

Other lack of competency, capacity or legal authority of a party

Undisclosed or missing heirs, including birth or adoption of children after the date of the will

Mistakes in the public records

Legal confusion from the name similarities

Transfer of title through foreclosure sale when requirements of foreclosure statute have not been strictly met

Property deed not joined in by a necessary part (co-owner, heir, spouse, corporate officer or business partner)

Undisclosed (but recorded) prior mortgage or lien

Undisclosed (but recorded) easement, right of access or use restriction

Erroneous or inadequate legal descriptions

Property deed not properly recorded

Off-record matters, such as claims for adverse possession or prescriptive easement

Deed to land with buildings encroaching on land of another

Incorrect survey

Silent (off-record) liens (such as mechanics or estate tax liens)

Pre-existing violations of CC&Rs

Post-policy forgery

Location and dimension of insured land

This list is far from exhaustive. Many unseen risks can threaten homeowners’ claims to their property, and title insurance is the best protection against those risks. When you are issued a title policy, you can be comfortable that you have the title policy coverage that was disclosed to you in your title commitment during the closing process.

Contact Centennial Title at (325) 692-2292 for all real estate title insurance or real estate transaction needs!