Before signing on the various dotted lines, it's important to confirm that the seller truly owns the property and isn't overlooking problems, such as outstanding mortgage payments or debts.

What kind of problems can a title search reveal?

A buyer can find out critical information about a piece of property, such a title defects and liens, as well as other encumbrances and restrictions.  Among these are unpaid taxes, unsatisfied mortgages, judgments against the seller and restrictions limiting the use of the land.

Why should I buy title insurance?

Title insurance can provide protection over "hidden hazards" that even most diligent title search may never reveal.  For instance things such as vehicular access, paying damages for forced removal of structures.  If you are financing your purchase, your lender will require you to purchase a Lender's policy and a lender policy would only cover the lender's loss.  To insure that your equity is protected an Owner's policy should be purchase.

In the State of Maine, you have the right to select your own attorney or title company.  When choosing a title insurer, it is important that you look for a company with expertise and experience, New England Title LLC underwrites for several national title insurance companies so we are able to provide our customers with a wealth of resourses and flexibilty.

Contact us today with your title insurance questions.