We have a long history and extensive experience aiding both homebuyers and homebuilders through every facet of the new construction process for years. We understand the unique demands associated with such purchases and are prepared to assist with all title and escrow requirements.
Builders
Our title and escrow company plays a crucial role in supporting homebuilders throughout the construction process. By providing title research, insurance, escrow services, and document recording, we help ensure that construction projects proceed smoothly and that builders are protected from potential legal issues or disputes.
Buyers
A title and escrow company plays a critical role in ensuring that the purchase of a newly constructed home is smooth, efficient, and legally sound. We provide valuable services that protect buyers and lenders and help ensure a successful real estate transaction.
Do I Need Title Insurance for a Newly Constructed Home?
Title insurance is crucial for both new and existing homes because it protects you from any unforeseen issues with the title of the property. Even though a newly constructed home may not have a history of ownership, there are still potential risks that title insurance helps to mitigate:
- Errors or Omissions: Mistakes in the public record, such as clerical errors or undisclosed liens, could affect the ownership rights of the property. Title insurance ensures that you are protected against any errors or omissions in the title search process.
- Fraudulent Claims: In some cases, fraudulent claims may arise regarding the ownership of the property. Title insurance provides coverage against fraudulent claims, ensuring that you are not held liable for any fraudulent activities related to the property’s title.
- Mechanic’s Liens: Contractors or subcontractors who have not been paid for work done on the property may file mechanic’s liens against the property. Title insurance protects you from any mechanic’s liens that may arise after the purchase of the property.
- Zoning Violations: There may be zoning violations or restrictions that affect the use of the property. Title insurance helps to identify and address any zoning issues that may arise, ensuring that you can use the property as intended.
- Boundary Disputes: Boundary disputes with neighboring properties could arise, even in the case of a newly constructed home. Title insurance provides coverage for any boundary disputes that may arise, protecting your ownership rights to the property.
In summary, while a newly constructed home may not have a history of ownership, title insurance is essential to protect you from any unforeseen issues with the property’s title. It provides peace of mind and ensures that your investment in the property is safeguarded against any potential risks.