Residential Title and Settlement Services for Pennsylvania and New Jersey

Title insurance policies are designed to help protect people who purchase property from loss. A loss can mean several things:

  1. Defective titles
  2. Liens
  3. Encumbrances

Generally speaking, title insurance is designed to ensure that what you are buying from the seller is what you will actually get, and that the sellers have the right to sell it to you in the first place.

There is a one time fee associated with the purchase of a title insurance policy and that policy is in effect for as long as you or your family own that property. These fees are largely regulated and fluctuate from provider to provider only marginally.

Should any of the above listed issues come up either leading up to or after the purchase of your home, you are protected from loss, including legal fees, up to the face amount of that policy.

To ensure that there are no issues leading up to the closing of a home purchase, title insurers conduct exhaustive research on a property, looking at background checks, public records, etc., to ensure that the transaction is clear of any issues.

Title insurance agents are almost always present at a closing. Title agents will sit with you during the entire closing process to ensure that everything checks out, and that your interests are protected every step of the way. If at the closing any issues arise, a title agent can stop the closing before any legal transaction takes place and you are financially endangered.

You Have a Choice

Most mortgage brokers, banks and/or agents refer their clients to a standby title agency or in-house service to speed up the process of clearing title. It is crucial to know that a consumer can choose whatever title insurance company they feel most comfortable with. Typically, this is an agency that is focused on their interests.

Principle Abstract and Settlement Services has conducted thousands of title searches for the Bucks, Montgomery county areas and beyond for over 15 years and focuses exclusively on the financial security and piece of mind of their clients.

Since we are an interdependent agency, we rely solely on our previous success. In truth, Principle Abstract has never had a claim on any title insurance policy it has processed.

Ready to learn more about Principle Abstract or wish to get started? Call us now for free consultation.

 

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