Pennsylvania Lawyer Protects Clients’ Titles to Real Property
Real estate attorney offers title insurance advice and counsel to clients in the Kingston area
If you are a residential or commercial real estate owner, you want to ensure your property is protected against claims against it. Likewise, if you are buying a home or business property, you want to make sure that the property's title is clear and unencumbered by liens or defects so the transaction can proceed. In both cases, you can have that assurance through title insurance. At David E. Schwager, Attorney at Law, I have the experience and skills to provide meticulous analyses of real estate documents that affect your property rights. I represent buyers and sellers in the Kingston area and throughout Pennsylvania by arranging for title searches and assisting with title insurance policies. I understand that title insurance protects your rights to your property, and I draw on my experience to ensure policies fully protect you against risks.
Knowledgeable legal adviser handles title insurance for clients
There are two basic types of title insurance policies — one for lenders and one for homeowners. Lenders' title insurance protects banks, mortgage companies and other lending institutions involved in loans for real estate transactions; it does not protect you if a claim is made against the title to your property. That's why it's essential that you have a thorough title search done before purchasing a home or business property so that you can purchase your own title insurance policy. Depending on the jurisdiction and the terms of your loan, you may need both types of coverage.
Skilled advocate explains your policy coverage
It pays for you to be knowledgeable about your policy by knowing what it covers and what it doesn't. A title search, which is required before an insurer will underwrite a title insurance policy, protects property owners by investigating whether these defects or claims exist:
- Undisclosed heirs to the property
- Unpaid taxes
- Pending legal action
- Errors, fraud or other problems with the deed
In the event that any of these conditions are not found before your property transaction is complete, you have protection through your title insurance policy. But policies may also have coverage exclusions, and it's important to read the fine print to know what they are. They may include:
- Defects, liens or adverse claims known to the insured but unknown to the insurance company — which you must disclose in writing to your insurance company before the policy goes into effect
- Any law restricting or relating to the use or occupancy of the property based on environmental protection regulations or laws
These are just some of the exclusions from coverage that your policy may have, and all homeowners should discuss these issues with their attorney before closing or refinancing. To find out how I can help protect you and your property from unnecessary risk and harm, contact me today.
Contact an experienced Pennsylvania title insurance attorney
I assist clients throughout Pennsylvania with legal matters involving title insurance. To schedule a consultation, call David E. Schwager, Attorney at Law at 570-931-3427 or contact me online today. My office is located in Kingston.