What Is Title Insurance?
Because Title insurance is abstract and sometimes difficult to understand, we offer the following scenarios where you could lose your home if you do not have title insurance:

  • Forged deeds, mortgages, satisfactions or releases

  • Deed from a person who is mentally incompetent.

  • Deed from a corporation, unauthorized by the corporate bylaws or given under falsified corporate resolution.

  • Deed from purported trustee, unauthorized under trust agreement.

  • Claims resulting from use of "alias" or fictitious name style by a predecessor in title

  • Deeds challenged as being given under fraud, undue influence or duress.

  • Deed affecting land in a judicial proceeding (bankruptcy, receivership, probate, conservatorship, dissolution of marriage), unauthorized by court.

  • Undisclosed divorce of one who conveys as sole heir of a deceased former spouse

  • Undisclosed but recorded federal or state tax lien

  • Undisclosed but recorded prior mortgage.

These are just a few of the countless examples of situations where your home could be lost.  They are also examples that would not impact your ownership or title to your home if you have owner’s title insurance.  Please ask to speak to one of Cherry Tree Title’s qualified title attorney’s if you would like more information about title insurance.