Condo Title insurance will help ensure that your vacation getaway or downsized retirement dream will truly be yours when you are ready to unpack your bags and head for the golf course.
Condo Title insurance protects your investment in case something crops up in the condo’s title after a thorough search is completed by your title company. In such a title search, public records are thoroughly examined by your title professionals to ensure nothing goes undisclosed. But even after the most thorough of searches, occasionally
a fault in the title pops up from the property’s history and without Condo Title insurance, you could find yourself entangled in a huge tangle of legal papers and hefty legal fees as you try to get the title cleared.
Unpaid taxes or unsatisfied liens or a remaining mortgage payment amount can mar the history of the property and threaten your ownership of the condo that was supposed to be your home for the uncomplicated part of your life. You’ve left behind mowing your own lawn, shoveling your snow and painting your house and what should be “Easy Street” is suddenly anything but easy. Condo
title insurance protects you from all that.
No matter what problems crop up from the property’s past, your one-time payment for Condo Title insurance means you are covered for all of it. None of it was your fault then and none will be your fault now.
Should such skeletons in the closet make themselves known, you will find that the payment for Condo Title insurance is some of the best money you ever spent. Your condo will be yours, legally and permanently, until you decide to sell. Until then, relax and enjoy the sunshine. No dark shadows from your condo’s past will darken your future.
For questions about condo insurance, consult the American Land Title Association (ALTA) website here.