Frequently asked questions
Find answers to commonly asked questions.
Title insurance protects property buyers and lenders from financial losses due to defects in the title. This includes issues such as unpaid taxes, liens, or ownership disputes that may arise after the purchase. It ensures that the property you are buying is free of these legal obstacles.
The title insurance process typically takes between a few days to a few weeks, depending on the complexity of the property and the transaction. Exquisite Abstract works efficiently to complete searches and resolve any issues quickly to ensure a smooth closing.
Title insurance can be provided for both residential and commercial properties, including single-family homes, multi-family units, office buildings, and industrial sites. Regardless of the property type, title insurance helps protect your investment.
While title insurance covers many common issues such as fraud, unpaid taxes, and undisclosed ownership claims, it does not cover all potential risks. It’s important to understand the specific policy coverage and any exclusions. Exquisite Abstract can provide detailed explanations to ensure you know exactly what’s covered.